PO Box 1146
Salida, CO USA  81201
(719) 539-0300
Fax: (719) 539-0301
info@bbibiofuels.com
 

 

BBI International... Your Biofuels Resource

   

Event Calendar


World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
6
San Diego, California
Organizer:
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
6
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
6
Milwaukee, Wisconsin, USA


Join our
Email Subscription List

Select your topics of interest for regular and timely updates - control your subscriptions and unsubscribe anytime


Complete Listing of Upcoming Events

Event History



Free Booklet Download:
Fuel Ethanol: A Technological Evolution

 


 

Posted on  

November 6, 2003

Energy Bill Update: Deal Reached on Ethanol Tax Issues

by Julianne Johnston

Sen. Chuck Grassley, chairman of the Committee on Finance, made the following comment on an agreement he reached today with the House on the ethanol and biodiesel parts of the energy tax incentives package.

"Today's agreement locks in the VEETC legislation. This puts the tax incentives for ethanol on equal footing with every other energy tax incentive. Those other incentives are derived from the general fund. The incentives include oil and gas and alternative energy incentives such as wind and biomass tax credits. The use of ethanol will no longer take money from the highway trust fund. Our agreement also includes the new tax credit for biodiesel as passed by the Senate. Biodiesel is a new and promising renewable fuel. Our agreement also contains the VEETC legislation's guarantee that purchasers of ethanol will pay the whole gas tax, making the highway trust fund whole.

These highway trust fund changes, including the 2.5 cents transfer and the elimination of the partial exemption for ethanol-blended fuels, will be carried out when Congress next acts on the highway trust fund legislation. It's important for the highway community to know that the changes will be made at the earliest possible time on the legislative calendar. Since the current trust fund authority expires on Feb. 29, 2004, both the House and Senate must act before then.

"Our agreement on all of these provisions is a big step toward completing the conference report. However, there are a number of other tax and non-tax issues that must be resolved before the energy conference can be completed. The unresolved issues include coal, the CLEAR Act and waivers to the renewable fuels standard."
 

 

Other News

Click here to see previously posted News items in our Archive

BBI Store

BBI International
Project Development

Multi Client Study:
FUEL ETHANOL
MARKET ANALYSIS

More information and contents
 

BBI Online Store

 

Biodiesel Industry Directory Online:
View it FREE!



 


 
Home | Company Info | International Fuel Ethanol Workshop & Trade Show | Biofuels Recruiting | BBI Media

Biofuels Project Development - Biofuels Conference & Event Planning - BBI Media - Biofuels Recruiting

All logos and trademarks in this site are property of their respective owner.
Remainder of content Copyright © 2005 BBI International.