by Cindy Zimmerman (Energy.AgWired.com) Ethanol champion Rep. Mariannette Miller-Meeks (R-IA) held on to her seat in Congress in a close race last week, and after declaring victory she immediately joined Sharice Davids (D-KS) in introducing legislation to extend the Second Generation Biofuel Producer
biofuel producer tax credit
Back TO HOMEU.S. Renewable Diesel Production Growth Drastically Impacts Global Feedstock Trade
(U.S. Department of Agriculture) During the past few years, the landscape for U.S. renewable diesel production has drastically changed, akin to the growth of ethanol and biodiesel during the past two decades. Driven by federal and state policies aimed at reducing
July 11, 2024 Read Full Article
USDA: Growth In US Renewable Diesel Production Impacts Global Feedstock Trade
by Erin Voegele (Biomass Magazine) The USDA Foreign Agricultural Service on June 11 published a report discussing how the recent boom in U.S. renewable diesel production has caused market-altering shifts to both foreign and domestic feedstock trade. U.S. renewable diesel consumption has
June 24, 2024 Read Full Article
Rural Incentives in Missouri Tax Cut Proposal Target Biofuels, Small Producers for Help
by Rudi Keller (News from the States) When lawmakers return this week for a special session, most of the attention will be on Gov. Mike Parson’s proposal to cut income taxes by $700 million a year. But Parson also wants the bill to
September 13, 2022 Read Full Article
GREEN Act Includes Biofuel, Bioenergy Tax Extenders
by Erin Voegele (Ethanol Producer Magazine) Mike Thompson, D-Calif., chairman of the House Ways and Means Subcommittee on Select Revenue Measures, on Feb. 5 announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act, which includes several tax
February 12, 2021 Read Full Article
The Big, Big Package: What’s under the Christmas Tree for the Bioeconomy, in the $1.4T New Spending Bill?
by Jim Lane (Biofuels Digest) The $1.4 trillion spending package includes appropriation for Fiscal Year 2021, the COVID stimulus package, extensions of popular tax credits that otherwise expired on December 31st, and the Energy Act of 2020, a $35B version
December 23, 2020 Read Full Article
Whose Side Is Trump on? The Fight Continues…Corn Country and Oil Country Still Battling It out in Washington, DC
by Helena Tavares Kennedy (Biofuels Digest) ... It’s a back and forth game of Trump’s promises to help farmers and agriculture and support ethanol and biofuels, EPA giving small refinery waivers to big oil companies, .... ... (T)he latest responses
November 11, 2019 Read Full Article
Proposed Collection; Comment Request for Form 6478 -- The IRS Is Soliciting Comments Concerning Biofuel Producer Credit. DEADLINE: December 2, 2019
(Internal Revenue Service/Federal Register) ... The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required
October 02, 2019 Read Full Article
Bill Aims to Extend Biofuel, Bioenergy Tax Credits through 2020
by Erin Voegele (Biomass Magazine) Rep. Mike Thompson, D-Calif., chairman of the House Ways and Means Subcommittee on Select Revenue Measures, introduced the Taxpayer Certainty and Disaster Tax Relief Act of 2019 on June 18. The bill extends several biofuel- and
July 02, 2019 Read Full Article
Letter Urges Extension of 3 Biofuel-Related Tax Credits
by Erin Voegele (Ethanol Producer Magazine) Reps. Abby Finkenauer, D-Iowa, and Josh Harder, D-Calif., authored a letter June 3 urging the House Ways and Means Committee to extend, and retroactively apply, several expired biofuel tax credits. The letter was signed by
June 11, 2019 Read Full Article
Rep. Axne Introduces Amendment to HR 9 to Support Renewable Fuel Industries
(Atlantic News Telegraph) U.S. Rep. Cindy Axne (IA-03) introduced an amendment to H.R. 9, the Climate Action Now Act, to extend tax credits for Iowa’s biodiesel, second generation biofuels and wind power industries. The Climate Action Now Act, which Rep. Axne
May 01, 2019 Read Full Article
Colorado Man Pleads Guilty to $7.2 Million Biodiesel Tax Credit Fraud Scheme
(U.S. Department of Justice) A Colorado resident pleaded guilty today in the U.S. District Court for the District of Colorado to conspiracy to defraud the United States, conspiracy to commit money laundering, and money laundering, announced Principal Deputy Assistant Attorney General
March 26, 2019 Read Full Article
Advanced Biofuel Producers Ask Congress to Extend Tax Credits
by Erin Voegele (Ethanol Producer Magazine) A group of advanced biofuel producers are urging leaders of the U.S. House Committee on Ways and Means to extend two tax credits that are critical to the development and deployment of advanced biofuels. On Feb.
February 14, 2019 Read Full Article
A Summary of Federal Programs: The Digest’s 2018 Multi-Slide Guide to Alternative Fuel and Advanced Vehicle Technology Incentives
by Jim Lane (Biofuels Digest) A wide array of federal incentives supports the development and deployment of alternatives to conventional fuels and engines in transportation. These incentives include tax deductions and credits for vehicle purchases and the installation of refueling systems,
December 05, 2018 Read Full Article
Alternative Fuel Tax Credits Extended
(Wisconsin Clean Cities) The Bipartisan Budget Act of 2018, signed into law by President Trump today, included provisions to extend a host of Alternative Fuel Tax Credits. The incentives originally expired on December 31, 2016, but were retroactively extended through
February 10, 2018 Read Full Article
Congress Needs to Restore Tax Breaks for ‘Orphan’ Renewables
(25 x '25 REsource) As Congress ratchets up its ongoing budget battles – the continuing resolution that is currently funding the government expires Jan. 19 – clean energy advocates of all stripes must hold lawmakers to their longstanding promises to renew
January 04, 2018 Read Full Article
Grassley Marks Policy, Oversight Accomplishments in 2017
(North Iowa Today) Sen. Chuck Grassley of Iowa marked a series of policy and oversight accomplishments in 2017. ... Grassley introduced the Food Security is National Security Act of 2017, which would give top U.S. agriculture and food officials permanent representation on the Committee
January 04, 2018 Read Full Article
NATSO Statement on Biodiesel Tax Credit Letter
(PR Newswire/NATSO) On October 31, a diverse group of biodiesel producers, fuel retailers, and trucking interests sent a letter to the Senate Finance Committee and the House Ways and Means Committee in support of extending and phasing out the biodiesel blenders' tax credit,
November 01, 2017 Read Full Article
Biodiesel and the Ever-Changing Political Landscape
by Ron Kotrba (Biodiesel Magazine) Industry stakeholders and legal experts discuss the recent RFS court ruling, the ongoing U.S. trade cases against Argentina and Indonesia, and the biodiesel tax credit in context of U.S. EPA’s Notice of Data Availability. -- ... According
October 30, 2017 Read Full Article
NREL Finds 6 Billion Gallons of SAJF Per Year Could Enter U.S. Market by 2030
(Commercial Alternative Aviation Fuels Initiative) The National Renewable Energy Laboratory (NREL) recently released the aviation biofuels report, “Potential Avenues for Significant Biofuels Penetration in the U.S. Aviation Market.” The report finds that it is possible to displace 30 percent of
May 05, 2017 Read Full Article
Jobs and Money Take Top Billing with American Biodiesel
(National Biodiesel Board) Industry Leaders Showcase biodiesel benefits with key influencers -- When it comes to American biodiesel, jobs and economic opportunities are the hot tickets. In town from across the nation, biodiesel industry leaders are meeting with key influencers
March 08, 2017 Read Full Article
Biodiesel Leaders Take Jobs, Energy Security Message to D.C.
(National Biodiesel Board) Nearly three dozen biodiesel leaders from Kansas to Rhode Island took to the halls of Congress this week to champion America’s Advanced Biofuel. “We have a great message to share with our elected officials. Biodiesel is working today
December 01, 2016 Read Full Article
National Biodiesel Board Taps Donnell Rehagen as New CEO
by Jim Lane (Biofuels Digest) In Missouri, the National Biodiesel Board has named Donnell Rehagen as the trade group’s chief executive. Rehagen was named interim CEO in June after serving 12 years as NBB’s chief operating officer. ... It’s dead obvious, as
November 02, 2016 Read Full Article
Judge and Grassley Face off in Iowa U.S. Senate Debate
by Shelby Shepherd (KWQC) An hour before Trump and Clinton battled it out in Las Vegas, Iowa’s U.S. senate candidates battled it out in the western part the state they are fighting for. Republican Sen. Chuck Grassley has held his
October 21, 2016 Read Full Article
BIO Asks Congress to Extend Critical Bioenergy Tax Credits During Lame-Duck
(Biotechnology Innovation Organization) BIO today (October 18, 2016) sent a letter to Congressional Leadership, the Senate Finance Committee Chairs, and the House Ways and Means Committee Chairs calling for the extension of renewable energy tax credits slated to expire at the
October 19, 2016 Read Full Article
Rep Black Intros Biodiesel Tax Credit Extension Bill
by Joanna Schroeder (Energy.AgWired.com) Another federal bill has been introduced to extend the biodiesel tax credit. Rep. Diane Black (R-Tenn.) has introduced the “Biodiesel and Renewable Diesel Incentive Extension Act of 2016” (H.R. 5994). The bill extends the tax credit
September 22, 2016 Read Full Article
US Senate Introduces Bill to Extend Biodiesel Tax Credit, Moves towards Producers’ Credit
(Biofuels International) The US Senate has introduced a bill to extend the $1/gallon biodiesel tax credit through 2019 and to transform it from a blenders’ credit to a domestic production credit. The bill mirrors a House of Representatives legislation introduced in
July 21, 2016 Read Full Article
Bill Intro'd in Senate to Reform, Extend Tax Credit through 2019
by Ron Kotrba (Biodiesel Magazine) A bill was introduced in the U.S. Senate to extend the $1-per-gallon biodiesel tax credit through 2019 and restructure the incentive from a blenders credit to a domestic production credit. The legislation was introduced by Sens.
July 15, 2016 Read Full Article
Study Finds Biodiesel Industry Supports Nearly 48,000 Jobs
(National Biodiesel Board) Nearly 100 biodiesel industry leaders are converging on Capitol Hill Tuesday to call for strong clean-fuels policy as a new study found that the industry is supporting nearly 48,000 jobs nationwide. The study, which conducted by LMC International,
June 28, 2016 Read Full Article
National Biodiesel Board Commends Proposed Legislation to Extend Biodiesel Tax Incentive Through 2019
(Biofuels Journal/National Biodiesel Board) The National Biodiesel Board released the following statement from Vice President of Federal Affairs Anne Steckel after Reps. Kristi Noem, R-S.D., and Bill Pascrell, D-N.J., introduced legislation to extend the biodiesel tax incentive through 2019 and reform
May 13, 2016 Read Full Article
Push to Change Biodiesel Tax from Blender’s to Producer’s Credit
by Mark Dorenkamp (Brownfield Ag News) The Minnesota Soybean Growers would like to see the Biodiesel Tax Credit changed from a blender’s to a producer’s credit. Under current law, blenders of biodiesel can claim a one dollar per gallon credit against
January 26, 2016 Read Full Article
RFA Issues One-Pager to Correct Anti-Ethanol Rhetoric on the Presidential Campaign Trail
(Renewable Fuel Association) In response to the anti-ethanol rhetoric that has been dominating the presidential campaign in the run-up to the Iowa caucuses, the Renewable Fuels Association (RFA) sent a one-pager to media outlets to correct the misconceptions regarding ethanol
January 22, 2016 Read Full Article
Pushmi-Pullyu: How Do Carbon Prices and Fuel Mandates Work Together in Breaking through a Fossil Fuel Monopoly? Or, Do They?
by Jim Lane (Biofuels Digest) Sometimes, the set-up of the transition from fossil fuels is as pretty and impractical as Dr. Doolittle’s Pushmi-Pullyu. The Digest investigates. -- ... For example, a renewable fuel does not qualify under the Renewable Fuel Standard
January 12, 2016 Read Full Article
Bill Aims for Long-Term Extension of Renewable Energy Tax Credits
by Erin Voegele (Ethanol Producer Magazine) In mid-December, Sen. Bernie Sanders, I-Vt., who is seeking the democratic presidential nomination, introduced legislation that aims to enact long-term extensions of several clean energy tax credits that benefit the bioenergy and biofuel sectors. The
January 11, 2016 Read Full Article
Omnibus Funding and Tax Extenders Legislation Includes Important Extensions for Renewable Energy Projects
by Mark J. Riedy and Heather L. Preston (Kilpatrick Townsend) On December 18, Congress passed and the President signed into law the “Consolidated Appropriations Act, 2016” and the “Protecting Americans from Tax Hikes (PATH) Act of 2015,” funding the government
December 23, 2015 Read Full Article
The 2016 US Outlook for Ethanol and Biodiesel
by Jim Lane (Biofuels Digest) ... “In the old days, ethanol was a political commodity,” Informa Economics Senior VP Scott Richman told the crowd assembled at the Canadian Bioeconomy Conference in Vancouver this week, organized by the Canadian Renewable Fuels Association. “Now, it’s
December 03, 2015 Read Full Article
2015: A Missed Opportunity for Biofuels
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) To say that 2015 was an overall disappointment for the biofuels industry would be an understatement. With the price of oil hovering from the high $30s to the mid-$50s all year long, the
November 30, 2015 Read Full Article
Support, Opposition Grow Over Proposed Changes to Biodiesel Tax Credit
(Environmental and Energy Study Institute) On October 21, the Advanced Biofuels Association, along with the Petroleum Marketers Association and other retail fuel groups, expressed opposition to changing the biodiesel and renewable diesel blenders' tax credit. In July, the Senate Finance
October 23, 2015 Read Full Article
Advanced Biofuels Producers Oppose Grassley Tax Credit Change: Amendment Could Hurt Consumers
(Advanced Biofuels Association) During the Senate Finance Committee’s July markup, Senator Charles Grassley offered an amendment, co-sponsored by Senator Maria Cantwell, which would extend the biodiesel and renewable diesel tax credit for two years. However, starting in 2016 it would
October 23, 2015 Read Full Article
How to Profit from Government Mandates in Biofuels
(The Energy Report/Market Oracle) New proposed EPA requirements for the renewable fuel standard program, combined with challenging sugarcane harvests in South America, could increase demand for biodiesel, creating opportunity in a struggling energy sector. In this interview with The Energy
October 07, 2015 Read Full Article
Senate Democrats Introduce Comprehensive National Energy Bill
by Susanne Retka Schill (Ethanol Producer Magazine) Senate democrats introduced a national energy bill Sept. 22 that they says offers a pathway to a cleaner energy future and economy. The American Energy Innovation Act of 2015 takes a multi-faceted approach,
September 23, 2015 Read Full Article
7 Biofuels Groups Aim to Extend “Critical Advanced Biofuel Tax Incentives”
by Jim Lane (Biofuels Digest) In Washington, a group of biofuel trade organizations sent a letter to Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) encouraging extension of critical advanced biofuel tax incentives — the
July 20, 2015 Read Full Article
Grassley Secures Inclusion of Wind Energy, Biodiesel, Cellulosic Ethanol, Education Provisions in Committee Tax Extenders Package
(KIOW Radio) Senator Chuck Grassley of Iowa secured the inclusion of tax incentives for wind energy, biodiesel and cellulosic ethanol in the bipartisan tax extenders bill the Finance Committee will consider on Tuesday. The bill also contains long-time Grassley-sponsored provisions on tax
July 20, 2015 Read Full Article
U.S. Senate Passes Bill Temporarily Renewing Tax Breaks
by Kevin Drawbaugh (Reuters) Dozens of temporary tax breaks, including big ones for business research, wind power and foreign profits, were renewed by the U.S. Senate late on Tuesday, putting to rest worries that further delays in dealing with the
December 17, 2014 Read Full Article
US Senate Finance Committee Advances Four Key Biofuels Tax Provisions
by Jim Lane (Biofuels Digest) In Washington, Senate Finance Committee Chairman, Ron Wyden, released his “Chairman’s Mark” of the “Expiring Provisions Improvement Reform and Efficiency Act of 2014″ (EXPIRE Act). The Chairman’s Mark extends all expired advanced biofuels tax provisions 2 years
April 02, 2014 Read Full Article
Biofuel Trade Organizations Ask for Extension of Advanced Biofuel Tax Incentives
(PR NewsWire) A group of biofuel trade organizations today sent a letter to Senate Finance Committee Chairman Ron Wyden (D-Ore.) and Ranking Member Orrin Hatch (R-Utah) encouraging extension of critical advanced biofuel tax incentives -- the Second Generation Biofuel Producer
March 24, 2014 Read Full Article
A Tax Boost for Advanced Biofuels
by Brent Erickson (Biotechnology Industry Organization/Biofuels Digest) ... Fortunately, the Administration’s budget for 2014 contains a proposal for a nearly 10-year extension of the advanced biofuel tax credit, which was first adopted by Congress in 2007. By contrast, the budget proposal
March 17, 2014 Read Full Article
Study Calls for Changes to Cellulosic Tax Incentives
by Erin Voegele (Ethanol Producer Magazine) A new study published by the International Council on Clean Transportation and researchers from John Hopkins University determined that making minor changes in existing federal tax incentives for cellulosic biofuels could help unlock much
December 26, 2013 Read Full Article
Senators Push for Clean Energy Tax Credit Extensions
by Erin Voegele (Ethanol Producer Magazine) A group of 24 senators, led by Sen. Ed Markey, D-Mass., issued a letter to leaders of the Senate Committee on Finance on Dec. 16 calling for support of programs that spur investment in
December 20, 2013 Read Full Article
Sen. Baucus Launches Major Senate Energy Tax Reform
by Jim Lane (Biofuels Digest) A new, technology-neutral tax credit for the domestic production of clean transportation fuel? Read on. In Washington, Senate Finance Committee Chairman Max Baucus (D-Mont.) unveiled the latest package in a series of proposals to overhaul America’s
December 20, 2013 Read Full Article
D.C.’s Clean-Energy Conundrum
by Paul Dickerson and Thomas Burton (Reuters/Mintz Levin) ...Clean technologies are likely to be the next great industry and economic success story. Whether that happens in the United States or not is up to us. ...Yet there is a clear role for
January 12, 2013 Read Full Article
The Force: The Cellulosic Biofuels Tax Credit Is Back, but Is It Really Needed?
by Jim Lane (Biofuels Digest) Finding it hard to explain to taxpayers why the PTC is needed, for the jump to cellulosic biofuels lightspeed, or to ward off predatory fossil-fuel evildoers? ...So, although the “fiscal cliff” tax rate deal didn’t directly