In Washington, after the Senate Finance Committee passed a package of tax provisions including an extension of the biodiesel tax incentive, the National Biodiesel Board called on Congress to move quickly. The package renews the $1/gallon incentive for biodiesel which expired at the end of 2013. The bill passed in committee Thursday would reinstate the […]
In Washington, the Senate Finance Committee has approved the extensions to biofuel tax credits, but the committee’s chairman has said that the industry must make its case to Congress in order to secure permanent tax credits because he won’t let his committee approve any more temporary extensions.
In Washington, the Senate’s finance committee will take a look at the cellulosic biofuels and biodiesel tax breaks on Thursday as part of the “tax extenders package”. The 50% depreciation tax reduction on cellulosic biofuels would be reinstated and extended while the $1.01 per gallon production tax credit would be retroacted and extended through 2015.
In Washington, the USDA currently has no plans to invoke the Feedstock Flexibility Program during the third quarter of fiscal 2014 that ends in June. The country currently has a 13.6% stocks-to-use ratio and prices are above support values, so the USDA isn’t currently expecting sugar producers to default on their CCC loans.
In Iowa, the state’s biodiesel board is pushing a proposal that would extend the state’s biodiesel tax credit, set to expire the end of 2014, for a total of five years. So far there has been no political opposition to the tax credit’s proposed extension.
In Washington, the Algae Biomass Organization’s annual survey of the algae industry shows that the industry that is growing, from increased production of biomass and oils, to increased hiring, to a wider variety of end products. As in the previous two annual surveys, respondents this year continued their optimism that algae-derived fuels are likely to […]
In Washington, Finance Chairman Ron Wyden hopes to put forward a markup on Wednesday that would extend tax breaks for renewable energy, potentially for two years, but it was unclear what would happen with the tax breaks related to biofuels. The biofuels industry as well as a dozen democratic Senators have seen the chairman letters […]
In Hawaii, the state’s House Committee on Agriculture and House Judicial Committee have both voted unanimously on a bill that would give the University of Hawaii permission to establish a two-year research program looking at hemp for both phytoremediation and for biofuel production. The bill already passed the Senate so is awaiting the vote from […]
In California, the state Assembly’s transportation committee overwhelmingly approved a bill that would combat the increasing amount of yellow grease theft. The bill would seek to give law enforcement the tools needed to defer the theft by increasing the penalties for theft, creating stricter rules for grease haulers and granting police the right to impound […]
In Washington, a group of biofuel trade organizations have 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 Tax Credit, the Special Depreciation Allowance for Second Generation Biofuel Plant Property, the Biodiesel and […]
