All Entries Tagged With: "tax"

NBB pleas with Congress to renew biodiesel tax credit: “The industry is in the midst of an economic crisis”.

In Washington, Manning Feraci, Vice President of Federal Affairs for the National Biodiesel Board (NBB), testified before the U.S. House Committee on Small Business regarding the pressing need to extend and reform the biodiesel tax incentive. The incentive is currently set to expire on December 31, 2009.
“It is difficult for entrepreneurs and investors to make [...]

October 02, 2009 | Jim Lane | Comments 0

Iowa Department of Transport proposes wipeout of ethanol tax break

In Iowa, the state Department of Transportation released its report “TIME-21 Funding Analysis”, and proposed the elimination of ethanol tax breaks as one means of solving a projected $267 million annual shortfall in the state transportation budget. The state has a variable tax rate for ethanol blended fuels, which now account for 74 percent of [...]

January 12, 2009 | Jim Lane | Comments 0