DTN Ethanol Blog
Todd Neeley DTN Staff Reporter

Thursday Nov 5, 2009

US House Seeks to end Biofuels Paper tax Breaks

The U.S. House of Representatives Wednesday said they would close a loophole that lets paper companies claim a tax credit for making biofuel that is already a byproduct of paper production, according to Reuters.

Democrats on the House Ways and Means Committee propose to close one version of an alternative fuel credit in which companies can claim about a $1 credit per gallon for producing biofuel.

The credits are intended to spur development of biofuels and are being used by paper companies. Critics say so-called 'black liquor' -- a byproduct of paper production -- is blended with a small amount of diesel fuel to claim the credit.

(Reuters, Nov. 4, 2009)
(http://www.reuters.com/…)

Posted at 10:30AM CST Nov 5, 2009
Post a Blog Comment:
Your Comment:
Blog Home Pages
November 2009
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30               
Subscribe to DTN Ethanol Blog RSS
Recent Blog Posts
  • BP CEO: 'US Gasoline Demand Peaked in 2007'
  • Texas Rail Park to Open in 2010
  • ISU Professor Garners Award from R&D Magazine
  • Brazilian Airline to Test Sugar-Based Aviation Fuel
  • New North Study Finds Interest in Supplying Cellulosic Ethanol Feedstocks
  • ADM: 'Vomitoxin in US Corn not a big Deal'
  • Cardinal Ethanol Releases Positive Financial Information
  • Closed-Loop E3 BioFuels Nebraska Plant set for December Auction
  • New Danish Plant Turns Straw into Biofuel
  • Chief Ethanol Celebrates 25 Years
  • Tennessee Lawmakers Release Funds for Biofuels Project
  • Ethanol Produces Profit for Valero
  • Weak Dollar Opens Slight US Ethanol Export Window
  • ZeaChem to Start Making Ethanol, Chemicals
  • Biorefinery Could be Coming to Newton, Iowa
  • Poet CEO: 'We're Well Positioned to Weather Storm'
  • GTL Resources' Illinois River Energy Plant Returns to Profitability
  • Hero Biodiesel Plant Plans Expansion
  • EERC to Start $7 Million Expansion for Hydrogen Research
  • Nicholls State Developing Cane Waste as Fuel