Ways & Means chair seeks to eliminate tax credits for ethanol and biodiesel

February 27, 2014 |

In Washington, House Ways and Means Committee Chairman David Camp, R-Mich. has proposed a bill that would repeal tax credits for ethanol that expired in 2011 as well as the $1.01 per gallon tax credit for cellulosic ethanol that expired at the end of 2013. In addition, the bill proposes to also repeal the biodiesel fuel-mixture credit, the biodiesel credit and the small agri-biodiesel producer credit. Bioenergy tax credits would also come under the knife under the new bill.

Tags: , ,

Category: Policy

Thank you for visting the Digest.