U.S. Reps. Mike Carey and Miller-Meeks introduce 2G Biofuel Producer Tax Credit bill

In Washington, U.S. Reps. Mike Carey (R-Ohio-15), a member of the House Ways and Means Committee, and Mariannette Miller-Meeks, M.D. (R-Iowa-01) introduced bipartisan legislation to extend tax incentives that strengthen the biofuels sector.

The Second-Generation Biofuel Producer Tax Credit provides a tax credit of up to $1.01 per gallon of qualifying advanced biofuels, such as cellulosic ethanol made from corn kernel fiber. This tax credit incentivizes investment in innovative fuel production technologies and has resulted in critical advancements in the production of domestically produced second generation biofuels.