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News and insight on how advanced biofuels are helping America transition to a low-carbon economy with enhanced energy security.

Both sides, however, would be well-advised to push aside ideologically-based peeves for the time being, and support extension of. to single out the tax credit available to blenders of gasoline (and indirectly to producers of ethanol.

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A winter that began with a tougher-than-expected battle to win congressional approval for a one-year extension of the ethanol blenders’ tax credit is delivering more harsh doses of reality to an industry that benefits from notable.

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Comprehensive and meticulously documented facts about energy. Learn about the science of energy, the pros and cons of different energy technologies, public policies.

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The ethanol subsidy known as the "blenders’ credit" nearly died last year. "This week we released a letter from 90 different organizations, all opposed to the extension of ethanol subsidies," McMahon said. The letter to congressional.

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A 30-year-old federal ethanol subsidy has expired, but it’s still not known if South Carolina farmers will feel any effect. Congress allowed the tax credit for ethanol blenders to expire. Orangeburg County Clemson Extension Agent.

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Proposed legislation to extend a tax credit for the ethanol industry until 2015 has left some members of Congress overjoyed and others angered. The Volumetric Ethanol Excise Tax Credit pays refiners and gas blenders. biofuels.

The government’s failure to extend a tax credit is crippling the production and sales of nation’s second largest alternative fuel. Supporters of biodiesel, a blend of diesel fuel. planned for this spring. Unlike ethanol, the nation’s top-selling.

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Automobile manufacturers and blenders. gallon credit that includes the VEETC and the SEPTC, was established by the 2008 Farm bill and expires on December 31, 2012. During its lame duck session, Congress passed a one-year.

While U.S. officials have been trying to spur a broad market for "flexible-fuel vehicles" that can run on gas or an ethanol blend, some studies suggest that this policy has increased domestic oil consumption over the past decade. The.

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An extension of ethanol tax incentives were tacked onto the tax cuts bill President Barack Obama negotiated with Republican leaders. The incentives included in the bill are the ‘blender’s credit’ which gives fuel marketers a 45 cent.

A pair of U.S. senators have put funding for a long-standing federal ethanol subsidy back on the budget chopping block just three months after it was given a year extension. Cardin plan for zapping a blenders credit of 45 cents per.

The tax bill negotiated between President Obama and Republican legislators reportedly contains an extension to the various. which would have lowered the blender’s credit from $0.45/gallon of ethanol produced to $0.36/gallon, and.

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Both the Senate and the House have passed a one-year extension of the Volumetric Ethanol Excise Tax Credit (aka “blender’s credit”), the Small Ethanol Producer Credit and the ethanol import tariff and the Alternative Vehicle.

said an extension of the excise tax credit would allow time to put the long-term plan in place. POET supports a proposal to convert the credit into a fund to install so-called blender pumps that deliver fuel that is up to 85 percent ethanol.

introduced the Renewable Fuels Reinvestment Act (RFRA), H.R. 4940, which would extend the $0.45 Volumetric Ethanol Excise Tax Credit (VEETC), commonly called the blenders’ credit. Biodiesel tax extension held up Thursday,

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Oil refiners use the credits to meet government requirements for use of renewable fuels including ethanol. Fuel companies can. US legislators in a letter this week for an extension. The blenders credit first went into effect as part of the.

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News and insight on how advanced biofuels are helping America transition to a low-carbon economy with enhanced energy security.

VEETC allows ethanol to be price competitive with gasoline in the face of volatility and wild price swings in the global oil market. Without VEETC, according to a coalition of farm groups asking Congress to extend the tax credit, "ethanol.

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Publication 510 updates. Publication 510 isn’t updated annually. Instead, it will be updated only when there are major changes in the tax law.

an assistant extension professor of applied economics at the University of Minnesota. Economists say U.S. demand for ethanol is driven by federal requirements to blend it with gasoline, which are not slated for elimination. The federal.