Tag: tax credit

California Ethanol & Power awarded $10 million in income tax credit by state

California Ethanol & Power awarded $10 million in income tax credit by state

April 22, 2019 |

In California, California Ethanol & Power, LLC (CE&P) announced that it was awarded a $10 million income tax credit as part of the California Governor’s Office of Business and Economic Development (GO-Biz) California Competes program. “CE&P is extremely pleased about our award which demonstrates confidence by the state of California in our ability to assist […]

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Iowa congresswoman introduces bipartisan biodiesel tax credit extension bill

Iowa congresswoman introduces bipartisan biodiesel tax credit extension bill

April 8, 2019 |

In Washington, Congresswoman Abby Finkenauer (IA-01) introduced the Biodiesel Tax Credit Extension Act, a two-year extension of the biodiesel tax credit. Congress had previously extended the tax credit retroactively for 2017 but left it expired for 2018 and beyond. Producers and businesses at every stage of the biodiesel production and consumption process rely on these […]

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Trade association coalition urges congress to extend biodiesel tax credits

Trade association coalition urges congress to extend biodiesel tax credits

February 6, 2019 |

In Washington, a coalition of 10 trade associations representing producers and marketers of renewable fuels urged Congress to pass a multiyear extension to the biodiesel tax credit in a joint letter. Signatories to the letter were Advanced Biofuels Association, the American Farm Bureau Federation, the American Trucking Association (ATA), the National Association of Convenience Stores […]

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Former Keystone Biofuels executive please guilty to tax credit fraud

Former Keystone Biofuels executive please guilty to tax credit fraud

October 4, 2018 |

In Pennsylvania, David Tielle, who served as Director Business Development at Keystone Biofuels Inc. (Keystone), pleaded guilty Wednesday in federal court to one count of conspiring to defraud the Internal Revenue Service. Keystone purported to be a producer and seller of biodiesel. Between 2009 and 2012, Tielle participated in a conspiracy to fraudulently claim tax […]

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Bipartisan group of 46 Congressmen ask House for multiyear biodiesel tax credit renewal

Bipartisan group of 46 Congressmen ask House for multiyear biodiesel tax credit renewal

October 2, 2018 |

In Washington, a bipartisan group of 46 Congressmen sent a letter to House leadership last week asking them to push through a multiyear renewal of the biodiesel tax credit that was approved in March retroactive for 2017 but not implemented for 2018. “Biodiesel and renewable diesel producers are putting investments on hold in the face […]

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Biodiesel fly in sees nearly 100 descend on Washington to push for biodiesel tax credit

Biodiesel fly in sees nearly 100 descend on Washington to push for biodiesel tax credit

June 21, 2017 |

In Washington, nearly 100 biodiesel advocates from across the country are visiting Capitol Hill Tuesday urging Congress to bring back the biodiesel tax incentive as proposed in both chambers of Congress. Participants include biodiesel producers, distributors and feedstock suppliers representing more than two dozen states. One theme is clear among members from each of these […]

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Iowa bill puts biofuel blending at risk by changing tax credit program

Iowa bill puts biofuel blending at risk by changing tax credit program

April 20, 2017 |

In Iowa, a proposed amendment to HSB 187 seeks to cap the biofuel tax credit scheme by issuing credits only after annual sales figures for fuel retailers were calculated, at which point the per gallon figure for the tax credit would be determined. Petroleum marketers are concerned that the policy shift, after the tax credit […]

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Argentina extends tax breaks for biodiesel through 2017

Argentina extends tax breaks for biodiesel through 2017

January 4, 2017 |

In Argentina, the government published a rule just before the new year to extend excise duty waivers for biodiesel used to produce electricity and taxes levied on biodiesel production in an effort to continue to support the industry that has yet to recover its export markets. Following on from the success achieved in 2016 to […]

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New York state’s Clean Heating Fuel Tax Credit extended through 2020

New York state’s Clean Heating Fuel Tax Credit extended through 2020

January 2, 2017 |

In New York state, the Clean Heating Fuel Tax Credit that provides 1 cent per gallon credit for biodiesel use in heating oil, up to 20 cents for 20%, was extended through 2020. The New York State Clean Heat Fuel Tax Credit is only applicable to blends from B6 through B20. Blends of B5 and […]

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Possible biodiesel tax credit extension won’t be approved this year

Possible biodiesel tax credit extension won’t be approved this year

November 22, 2016 |

In Washington, although Iowa Senator Chuck Grassley has introduced a bill to extend the biodiesel blenders credit, there’s no guarantee that the legislation will be passed before year’s end when it expires. The bill Grassley put forward along with 16 co-sponsors from both parties would not just extend the $1/gallon tax credit through 2019 but […]

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