UNICA wants Brazil to reinstate ICMS tax policy

Biofuels Digest

Meghan Sapp | October 7, 2013

Read more

Brazilian government looking at ethanol tax relief

Biofuels Digest
Meghan Sapp
March 4, 2013   Read more

Iowa biodiesel industry looking for tax exemptions like Illinois

Biofuels Digest
Meghan Sapp
February 27, 2013   Read more

Illinois: Gas Tax Hike Bills Introduced

Prairie Advocate

Read more

Brazil May Cut Taxes to Stimulate Ethanol Output, O Globo Says

Bloomberg News
By Maria Luiza Rabello on July 01, 2012 Tweet

The Brazilian government may announce tax breaks and interest rate cuts by September to boost ethanol production, O Globo newspaper reported, citing a government official who wasn’t identified.

The goal is to increase ethanol supplies and lower its price, the Rio de Janeiro-based newspaper said.

Read more

Brazil plans tax breaks for ethanol sector -paper

Reuters Aftrica
Thu May 31, 2012 3:07pm GMT

* Govt prepares package to stimulate ethanol production

* Ministries discussing tax breaks and fuel price hike

SAO PAULO May 31 (Reuters) - Brazil's government plans to cut taxes for its ethanol sector to stimulate production of the widely used biofuel, as ethanol output remains anemic after the 2008 financial crisis triggered industry consolidation, local papers reported on Thursday.

According to Brazil's Valor Economico financial daily, an unnamed, high-level source in the administration said that the government is drafting a package that will include the reduction or zeroing out of the so-called PIS/Cofins taxes, which account for about 12 centavos ($0.06) of the typical 1.87-real-per-liter price for ethanol in Sao Paulo.

The government is also studying a possible reduction of the IPI tax on machinery and equipment required in the construction of new ethanol mills, in an effort to boost future production of the fuel.

Read more

Brazilian Imported Ethanol Tax Questioned

Hoosier Ag Today
Posted on 31 January 2012 by Andy Eubank

The Renewable Fuels Association is urging U.S. Trade Representative Ambassador Ron Kirk to investigate the news that the Brazilian state of Sao Paulo was imposing a 25 percent tax on all imported ethanol. Port Santos in Sao Paulo is the main port of entry for U.S. ethanol exports to Brazil, which accounted for an estimated 400-million gallons in 2011. RFA President and CEO Bob Dinneen says – because ethanol produced in Sao Paulo is tax exempt, ethanol imported into Sao Paulo from the United States and other areas is at a substantial economic disadvantage.

Dinneen says – this action is discriminatory and may severely—and immediately—restrict the exportation of U.S. ethanol to Brazil. He has always held that – decisions surrounding Brazil tariffs are neither permanent nor transparent and additional trade barriers could be constructed at any time. The actions of the state of Sao Paulo are such an example.

Read more

IRS Changes Rule That Will Benefit Ethanol Producers

CattleNetwork.com
08/28/2009 08:31AM

Following over a year of intense work by the Renewable Fuels Association with the Internal Revenue Service, the agency on Aug. 24 issued a Notice of Proposed Revenue Ruling clarifying that it will not seek to impose a change in the cost recovery periods used by most ethanol producers.

Historically, most ethanol producers have used cost recovery (or depreciation) periods of five years. About 18 months ago, IRS advised the industry that the cost recovery period should be seven years instead of five years, and that had to be retroactive, and would apply to all tax returns of ethanol producers that were still open for examination by the IRS. The RFA succeeded in persuading the IRS not to make their decision retroactive.

Read the full story

Ethanol tax changed in South Dakota

KXMB.com
Jul 5 2009 5:15AM
Associated Press

PIERRE, S.D. (AP) With the new fiscal year in South Dakota comes a new tax rate for ethanol.

Ethanol now is being taxed at 8 cents a gallon at the wholesale level. Previous state law included more than one tax rate for ethanol, depending on how much of the grain-based fuel was blended with regular gasoline.

Ethanol industry officials say the new law should encourage more blender pumps, which let motorists select among various blends of ethanol and gasoline.

Read the full story