Tag: tax

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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India drops excise tax for ethanol used for blending in 2015/16

India drops excise tax for ethanol used for blending in 2015/16

August 13, 2015 |

In India, the cabinet committee on economic affairs has approved a number of measures to help support the flailing sugar industry including waiving the excise duty of all ethanol that will be used to supply the domestic blending mandate of 10% beginning in October. With the floor price for ethanol fixed, inclusive of taxes, the […]

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Senate Finance Committee proposes two-year extension of key industry tax incentives

Senate Finance Committee proposes two-year extension of key industry tax incentives

July 22, 2015 |

In Washington, the Senate Finance Committee completed mark up of legislation to extend critical tax incentives. The legislation would extend for two years the important Research & Development Tax Credit, the Second Generation Biofuel Producer Tax Credit, the Special Depreciation Allowance for Second Generation Biofuel Plant Property, and the Controlled Foreign Corporation Look-Through Rule. BIO […]

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Hawaii governor vetoes bill aiming to change biofuel tax credit

Hawaii governor vetoes bill aiming to change biofuel tax credit

July 15, 2015 |

In Hawaii, the governor has vetoed a bill meant to change the biofuel tax credit to only be applied for fuels produced in the state, as expected. The governor says the law would go against the Commerce Clause of the United States Constitution and likely be open for a legal challenge. The bill also has […]

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Iowa’s B11 and higher tax credit comes into effect July 1

Iowa’s B11 and higher tax credit comes into effect July 1

June 30, 2015 |

In Iowa, the state’s 3 cents per gallon tax exemption on biodiesel blends of 11% and higher is set to come into force on July 1 and be in effect for the next five years. The legislation was signed into law in February and hailed by the state’s biodiesel board as being a major boon […]

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