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BIO supports extension of 3 biofuel-related tax credits

The House Ways and Means Committee should extend and retroactively apply three expired biofuel tax credits, according to a letter written by Reps. Abby Finkenauer, D-Iowa, and Josh Harder, D-Calif., and signed by 17 other House members. The credits will "bring certainty to the US businesses working to develop advanced and cellulosic biofuels," which is important because those fuels "will play a significant role in reducing transportation's harmful greenhouse gas emissions while providing new revenue streams for agricultural producers and rural communities across America," says BIO acting executive vice president Stephanie Batchelor.

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