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Renewable-fuels group applauds extension of biofuel tax incentives.

New York (AirGuide - Airline & Travel News) Tue, Feb 25, 2014 - The bill to avert the "fiscal cliff" includes an extension of several tax incentives for the biofuels industry. The measure provides a one-year extension of the special allowance for cellulosic biofuel plant property, the tax credit for alternative fuel vehicle refueling property and the cellulosic biofuel producer tax credit, and expands the list of cellulosic feedstocks to include algae. "The one year extension of the cellulosic producer tax credit and accelerated depreciation provides some measure of certainty to ensure that 2014 will be a year of growth and milestones for the advanced ethanol industry," said Bob Dinneen, president and CEO of the Renewable Fuels Association, in a statement.

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Comment:Renewable-fuels group applauds extension of biofuel tax incentives.
Publication:Airguide Online
Date:Mar 3, 2014
Words:182
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