US House tax czar says biodiesel tax credit expected by Memorial Day

Biofuels Digest
April 15, 2010 Jim Lane


In Washington, US House Ways and Means chairman Sandor Levin said that the House tax writing committee expects to have a final biodiesel tax credit bill finalized by Memorial Day. At issue: the House and Senate agree on the tax credits, but disagree on the means of paying for them, raising the potential of a Senate filibuster. Industry sources say that “the bill can’t come soon enough,” citing the crushing economic pressures of four months without the tax credit, which has prompted widespread layoffs and production halts in the biodiesel business.

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