Cellulosic ethanol group asks for tax breaks

Des Moines Register
12:55 PM, Feb 15, 2012 by Dan Piller

In a letter to the ranking members of the U.S. Senate committee overseeing agriculture, the Advanced Ethanol Coalition has asked that producer tax credits and the special advanced depreciation allowance for cellulosic ethanol be continued in the next Farm Bill.

“Several billion dollars have been invested in advanced biofuels development with the expectation that Congress will stay the course with regard to its commitment to the industry,” Coalition executive director R. Brooke Coleman wrote in the letter addressed to U.S. Sens. Debbie Stabenow of Michigan and Pat Roberts of Kansas.

Coleman continued; “A tax increase on advanced biofuels at this time would curtail investment and undercut an industry just starting to close deals and break ground on first commercial plants., be included in the new Farm Bill.”

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