Obama Signs $858B Tax Bill With Ethanol Credits

Law360, New York (December 17, 2010, 6:33 PM EST) -- President Barack Obama signed an $858 billion compromise bill on Friday that extends Bush-era tax cuts and includes provisions to prolong tax credits for ethanol producers, ethanol tariffs and billions in grants for renewable energy projects.

The president signed H.R. 4853, the Middle Class Tax Relief Act of 2010, a day after the U.S. House of Representatives approved the Senate version in a 277-148 vote.

The Senate wove the renewable energy provisions into a bill that Obama hammered out with with Republican congressional leaders to temporarily...
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