Biofuel Industry Wants Congress To Extend Tax Breaks

Law360, New York (December 9, 2013, 5:57 PM EST) -- The advanced biofuel industry urged Congress' top tax writers to extend tax breaks scheduled to expire at year's end, saying Monday that special deductions, tax credits and depreciation rules are needed to keep the industry economically competitive.

A coalition of more than 60 biofuel companies and four trade organizations wrote a letter to leaders of the House Committee on Ways and Means and Senate Finance Committee, lobbying them to extend the tax breaks. The letter said the tax incentives are “critical” for the commercial viability of...
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