Tariff on Ethanol Imports Extended

Cindy Zimmerman

Before adjourning Saturday, Congress approved legislation extending the 54-cent-per-gallon tariff on imported ethanol as part of the Omnibus Tax bill.

The tariff was set to expire in October 2007 but will continue to be imposed until January 2009.

The American Coalition for Ethanol praised the action to support domestic ethanol production.

Brian Jennings, ACE Executive Vice President said, “We are extraordinarily grateful for the bipartisan leadership which accomplished the extension of the tariff offset to January 1, 2009. This important action helps pave the way for continued growth and investment in rural communities and clean burning, homegrown, renewable fuel.”

Read AP report.

Ethanol, News