Senate introduces ethanol tax extenders bill

Feedstuffs
(4/20/2010)

Senators Charles Grassley (R., Iowa) and Kent Conrad (D., N.D.) have introduced the Grow Renewable Energy from Ethanol Naturally Jobs Act of 2010, or GREEN Jobs Act of 2010, that would extend key tax incentives for the use and production of all forms of ethanol.

Specifically, the bill extends through 2015 the Volumetric Ethanol Excise Tax Credit (VEETC), the offsetting tariff on foreign ethanol. Besides extending VEETC, the bill extends the Small Producers Tax Credit and the Cellulosic Ethanol Producer Tax Credit until Jan. 1, 2016.

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