Tag: tax

Fiji offering crop-based biofuel investments 10-year tax holiday

Fiji offering crop-based biofuel investments 10-year tax holiday

January 10, 2018 |

In Fiji, the Xinhua news agency reports that whereas governments in Europe are trying to discourage biofuel production from agricultural crops, the Fijian government is offering a 10-year tax holiday for those investing in crop-based bioenergy projects. The policy is part of the country’s wider push to tackle climate change with its Green Growth Framework […]

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Congress and Tax Legislation: It is Not Just About Biofuels.

Congress and Tax Legislation: It is Not Just About Biofuels.

November 20, 2017 |

By Brent Erickson, Head, Industrial & Environmental Section, Biotechnology Innovation Organization Special to The Digest It is clear that industrial biotechnology innovation is unlocking the potential to produce renewable building blocks for everyday products. The United States has become a leader in renewable chemical technology and has a wealth of low-cost, renewable feedstocks. BIO has […]

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Diverse coalition urge congressional committees to support biodiesel blenders tax

Diverse coalition urge congressional committees to support biodiesel blenders tax

October 31, 2017 |

In Washington, a diverse group of biodiesel producers, fuel retailers, and trucking interests sent a letter to the Senate Finance Committee and the House Ways and Means Committee in support of extending and phasing out the biodiesel blenders’ tax credit, and outlining their opposition to efforts to shift the credit to a producers’ credit, as […]

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Brazilian hydrous ethanol tax still under negotiation

Brazilian hydrous ethanol tax still under negotiation

December 21, 2016 |

In Brazil, the decision to reinstate a tax on hydrous ethanol at the mill gate from January 1 hasn’t yet been decided as the government is still in talks with the industry, but even if a decision is reached it won’t be before the beginning of the year. Mills have already priced in the tax […]

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Russia looks to dump heavy excise tax on ethanol to stimulate production

Russia looks to dump heavy excise tax on ethanol to stimulate production

September 19, 2016 |

In Russia, to help its ethanol industry achieve a 10% blend by 2020, the government is preparing to lift a heavy $1.62 per liter excise tax currently levied upon domestic fuel ethanol by year’s end. Such a move will stimulate production as the tax represented 90% of the production price, bring investors to the table […]

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Argentina hits biodiesel industry again with another boost to export tax

Argentina hits biodiesel industry again with another boost to export tax

March 14, 2016 |

In Argentina, the government boosted the biodiesel export tax for March to 6.4% up from 3.9% in February in a move that will weak knee the biodiesel industry still roiling from import restrictions into the European market. Currently biodiesel producers are running at 60% of production capacity due to limited export opportunities, limited further by […]

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Tamil Nadu protecting liquor tax base from ethanol competition

Tamil Nadu protecting liquor tax base from ethanol competition

January 5, 2016 |

In India, Tamil Nadu is working hard to protect its liquor industry that fills its coffers with tax revenue by ensuring that sugar mills are extremely limited in producing ethanol for transport. To achieve the mandated 5% ethanol blend, the state should have supplied 47 million liters but mills were only allowed to supply about […]

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Argentina accidently lifts biodiesel taxes by nearly 10-fold

Argentina accidently lifts biodiesel taxes by nearly 10-fold

December 23, 2015 |

In Argentina, the national government increased retentions on biodiesel by mistake from 3.3 to 32 percent. Production authorities have assured producers that in the coming days there will be a rectifying measure. The withholding scheme is reducing this tax in the case of soybeans. Wheat, sunflower and maize, for example, were at zero percent. Latches […]

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House unveils spending bill that includes extenders for many biofuel programs

House unveils spending bill that includes extenders for many biofuel programs

December 17, 2015 |

In Washington, members of the House of Representatives has released the $1.1 trillion, 2009-page spending bill that includes extending several bioenergy tax credits for two years including the Biomass Crop Assistance Program, the Biorefinery, Renewable Chemical and Biobased Product Manufacturing Assistance program, and Rural Energy for America Program. The extension of the biodiesel credit was […]

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California governor signs bill correcting tax problem for biodiesel

California governor signs bill correcting tax problem for biodiesel

October 13, 2015 |

In California, on Oct. 4 California Gov. Jerry Brown signed AB 1032 into law, correcting a tax problem and clearing the way for a significant increase in the volumes of biodiesel blended in the state. The bill, introduced by Assembly Member Rudy Salas and sponsored by the California Biodiesel Alliance, amended Section 60501 of the […]

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