Anti-Ethanol Bill Steps Consumers, Farmers Back

Joanna Schroeder

There is still buzz around a bill introduced last week by Representatives Bill Flores (R-Texas), Peter Welch (D-Verm.), Bob Goodlatte (R-Vir.) and Jim Costa (D-Cali.) that would cap ethanol blends in America’s transportation fuels at 9.7 percent by volume. This cap would be in direct opposition to the goal of the Renewable Fuel Standard (RFS) that aims for 20 percent …

biofuels, Ethanol, Growth Energy, Legislation, NCGA, RFS

Long-Term Biodiesel Tax Incentive Bill Introduced

Joanna Schroeder

U.S. Representatives Kristi Noem (R-SD) and Bill Pascrell (D-NJ) have introduced legislation to extend the biodiesel tax incentive through 2019 and modify the program to become a domestic production credit. The $1-per-gallon biodiesel tax credit has been lapsed and reinstated multiple times. It is scheduled to expire yet again on December 31, 2016. This bill would extend the incentive three …

advance biofuels, Biodiesel, Legislation, NBB, Soybeans

Iowa Extends State Biodiesel Incentives

Joanna Schroeder

Iowa lawmakers have spent some time this week voting on renewable energy programs in the state. Earlier this week a resolution was passed in support of the Renewable Fuel Standard (RFS) staying on track and now the Iowa House passed legislation that extends tax credits to biodiesel producers. One enables biodiesel facilities to remain competitive on a national scale and …

advance biofuels, Biodiesel, Legislation

Big Oil Wins Big on Taxes

Joanna Schroeder

Today is Tax Day. While many Americans will receive a modest refund, oil producers are raking in the big bucks, $4 billion to $6 billion, through tax incentives dating back more than 100 years. Today, the Renewable Fuels Association (RFA) is pointing out that many of these century-old tax provisions never expire while the ethanol industry agreed to let its …

biofuels, Ethanol, Legislation, RFA

Proposed Tax Credit Amendment for CO2 Capture

Joanna Schroeder

A new amendment has been proposed by U.S. Senator Sheldon Whitehouse (D-RI) that would provide a tax credit for technologies that are able to convert CO2 into products such as advanced biofuels, animal feed and biochemicals. The proposed language would create a new utilization tax incentive to complement section 45Q of the tax code, which already provides credits for the …

advance biofuels, algae, biochemicals, bioproducts, Legislation

Senate Bill Looks to Clear, Simplify Rules on Biomass

John Davis

A bill that has the backing of Democrats, Republicans and Independents in the U.S. Senate would clarify and simplify federal rules on biomass. This news release from Maine Sen. Susan Collins says an amendment sponsored by Collins and Sen. Angus King from Maine, and cosponsored by Senators Amy Klobuchar (D-MN), Kelly Ayotte (R-NH), Al Franken (D-MN), Steve Daines (R-MT), Mike …

biomass, Legislation

ARF Releases Final Prez Candidate Report

Joanna Schroeder

As the year comes to a close, Americas Renewable Future (ARF) has released its final 2016 presidential candidate Renewable Fuel Standard (RFS) report card. Candidates are given a “good” or “bad” grade based on their statements and actions related to the alternative energy legislation. ARF plans to send the report card to more than 50,000 pledged caucus-goers so that “Iowans …

ARF, biofuels, Legislation, RFS

Congress Votes to Extend ITC for Wind, Solar

Joanna Schroeder

The renewable electricity industry got an early holiday present this week as Congress included a five-year extension of the Investment Tax Credit (ITC) for renewable energy projects that provides a 30 percent federal tax credit for commercial installations of solar PV systems and new wind energy projects in the tax extenders package. The ITC was set to expire at the …

Clean Energy, Electricity, Legislation, Renewable Energy, Solar, Wind

Poll: Illinois Voters Support Clean Energy Credits

Joanna Schroeder

According to a new poll, three out of four (74 percent) Illinois voters support continuing to provide tax incentives for renewable energy. The poll comes out as Congress considers renewing a number of energy tax credits including the Production Tax Credit (PTC) and Investment Tax Credit (ITC). Both of these federal incentives are designed to spur renewable power development for …

Clean Energy, Electricity, Legislation, Solar, Wind

Biodiesel Industry to Congress: Renew Tax Incentive

John Davis

The biodiesel industry is calling on Congress to quickly pass a measure that would renew the biodiesel tax credit. The new legislation, sponsored by Sens. Charles Grassley (R-Iowa) and Maria Cantwell (D-Wash.), and Reps. Kristi Noem (R-S.D.) and Bill Pascrell (D-N.J), includes a key reform restructuring the incentive from a blender’s credit to a producer’s credit focused on domestic production. …

Biodiesel, Iowa RFA, Legislation, NBB