Ethanol industry advocates for tax credit extensions
Growth Energy, the Renewable Fuels Association and Advanced Biofuels Business Council are among 52 organizations that signed a Sept. 20 letter addressed to congressional leadership advocating for a seamless, multi-year extension of tax provisions scheduled to expire at the end of this year.
“These tax provisions impact sectors that are vital to the U.S. Economy and support thousands of jobs nationwide,” said the organizations in the letter. “Allowing these tax provisions to lapse would effectively increase taxes on entities that create jobs and economic growth. Also, the on-again, off-again nature of credit eligibility will cause uncertainty and make it more difficult for businesses to make important tax planning decisions.”
The letter is addressed to Kevin Brady, chairman of the House Committee on Ways and Means; Sander Levin, ranking democratic member of the House Committee on Ways and Means; Orrin Hatch, chairman of the Senate Finance Committee; and Ron Wyden, ranking democratic member of the Senate Finance Committee.
In addition to the three ethanol trade groups, the letter is signed by the Algae Biomass Organization, American Biogas Council, American Gas Association, American Farm Bureau Federation, American Council of Engineering Companies, American Council on Renewable Energy, American Institute of Architects, American Motorcyclist Association, American Sheep Industry Association, American Short Line and Regional Railroad Association, American Soybean Association, American Veterinary Medical Association, Asphalt Roofing Manufacturers Association, Association of American Railroads, Biomass Power Association, Biomass Thermal Energy Council, Biotechnology Innovation Organization, Business Council for Sustainable Energy, CHP Association, Coalition for Renewable Natural Gas, Directors Guild of America, Electricity Consumers Resource Council , Energy Recovery Council, Environmental and Energy Study Institute, Farm Credit Council, Fuel Cell and Hydrogen Energy Association, Geothermal Energy Association, Hearth, Patio & Barbecue Association, Independent Film & Television Alliance, National Association of Realtors, National Biodiesel Board , National Council of Farmer Cooperatives, National Employment Opportunity Network, NGVAmerica, National Hydropower Association, National Lumber & Building Material Dealers Association, National Milk Producers Federation, National Railroad Construction & Maintenance Association, National Renderers Association, National Roofing Contractors Association, National Thoroughbred Racing Association, Pellet Fuels Institute, Pennsylvania Biomass Energy Association, Railway Engineering-Maintenance Suppliers Association, Railway Supply Institute, Spray Polyurethane Foam Alliance, Tile Roofing Institute, U.S. Canola Association, and Window & Door Manufacturers Association.