In this edition of “The Ethanol Report” we get reaction from Renewable Fuels Association president and CEO Bob Dinneen on the passage by the Senate of the compromise tax package that includes a one-year extension of important tax incentives for ethanol production and use.
Dinneen says they are thrilled with passage of the measure, which gives some stability to the industry for another year. “Would we like it to have been a longer incentive, as opposed to just a year? Certainly. But this allows us to move forward, it provides some certainty to the industry, and hopefully, it allows a more comprehensive discussion about energy tax policy to ensue next year,” he said.
Dinneen now expects the measure to pass the House with the ethanol incentives in place.
Listen to the Ethanol Report here: Ethanol Report on Senate Tax Vote