NEWS
Biofuels Credits Reinstated
Wed Jan 2, 2013 10:51 AM CST

STREATOR, Ill. (DTN) -- Congress reinstated the biodiesel blenders credit and extended the cellulosic biofuels producer tax credit as part of the package to avoid falling off the fiscal cliff.

The House of Representatives on Tuesdaypassed by a vote of 257-167 a bill to avert a set of automatic tax increases that would have gone into effect Jan. 1. The bill passed the Senate 89-8 Monday and is expected to be signed by President Barack Obama.

Under the legislation, the $1-per-gallon blenders credit for biodiesel and renewable diesel which expired Dec. 31, 2011, will go back into effect retroactively for ...

Quick View
Related News Stories
RFS Bill Introduced
Ethanol Blog
EIA: Ethanol Stocks Soar; Output Down
IA OKs Fuel Tax Hike With B11 Discount
D6 RINs Slide 6% in January
Experts: RFS Likely to Remain
EPA Apologizes for RFS Delays
EIA: US Ethanol Supply Flat
Ethanol on Offense
Argentina: More Biodiesel Exports to US