Ethanol tax credits reprieve good news for Illinois firms

Chicagobusiness.com
By: Paul Merrion December 10, 2010

(Crain's) — U.S. Senate negotiators agreed Thursday to extend ethanol tax credits and other renewable-energy incentives for another year as part of lame-duck legislation to extend Bush-era income tax cuts for another two years.

The energy tax breaks, which were due to expire at yearend, are especially important to Illinois, one of the biggest states for production of corn and corn-based ethanol, led by Decatur-based Archer Daniels Midland Co.

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