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 through December 31, 2015.
Proposed extensions are for the Second Generation Biofuel Producer Tax Credit, Special Depreciation Allowance for Second Generation Biofuel Plant Property, Biodiesel and Renewable Diesel Fuels Credit, and the Alternative Fuel and Alternative Fuel Mixture Excise Tax Credit.
In a statement, BIO noted that “This puts us on the strongest possible footing headed into the Finance Committee markup scheduled for Thursday.” READ MORE and MORE (Senate Committee on Finance) and MORE (Platts) and MORE (Biomass Magazine) and MORE (Biodiesel Magazine) and MORE (25 x ’25) and MORE (National Biodiesel Board)