Senate Panel OKs Tax-Extenders Bill
Todd Neeley DTN Staff Reporter
Tue Jul 21, 2015 03:23 PM CDT

OMAHA (DTN) -- The U.S. Senate Finance Committee passed a two-year extension of small business expensing and bonus depreciation, as well as a number of tax measures for agriculture during a mark-up of legislation Tuesday.

In addition, the committee passed an amendment to the so-called tax extender legislation offered by Sen. Charles Grassley, R-Iowa, to limit the $1 biodiesel tax credit to domestic producers only through 2016. Industry officials have decried an influx of foreign-produced biodiesel imported into the U.S. from Argentina and other countries, saying the credit should be used only to incentivize domestic producers.

The committee passed the ...

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