Senate Expected to Vote on Biodiesel and Alternative Fuel Tax Credit Extensions this Week

On Friday, March 5, 2010, Senate Majority Leader Harry Reid (D. NV) filed a motion for cloture on H.R. 4213 , the House tax extenders bill, which includes an extension of the biodiesel tax credit and alternative fuel mixture tax credit programs through December 31, 2010. The Senate is expected to vote...

Alternative Fuel Producers Push for 30% Investment Tax Credit

Blue Fire Ethanol and a consortium of 31 other alternative fuel producers have sent a letter to Congress asking for a 30% investment tax credit for biofuels. While alternative fuel producers were encouraged by last week's passage of extenders legislation to extend the alternative fuel mixture and...

Alternative Fuels Industry Still Waiting for Tax Extenders Reconciliation

After the House and Senate passed bills including an extension of the alternative fuel mixture and biodiesel tax credit program , alternative fuel producers assumed that Congress would act quickly to put the legislation into a form that could be signed by the President. It has been more than two...

Energy Independence: Still a Long, Tough Slog

By John L. Watkins, Partner, Barnes & Thornburg LLP Last week, I attended an event on bioenergy sponsored by the German American Chamber of Commerce. The featured speaker was Mr. Jörg Mayer, the Managing Director of the Renewable Energies Agency in Berlin, Germany. By way of background, Germany...

Extension of Liquid Fuel Tax Credits Still Not Resolved

Both the Senate and the House have passed bills that would extend for one year the $1-per-gallon tax credit for alternative biofuels and biodiesel but the chairman of the House Ways and Means Committee, Representative Sander Levin (D-MI), said recently that it may be Memorial Day before differences in...

House Passes Tax Extenders Bill: Biodiesel and Fuel Mixture Credit Extensions Included

The House on Friday by a narrow margin passed H.R. 4213, extending various unemployment benefits and stimulus programs along with a basket of tax credits that included the biodiesel tax credit and the alternative fuel mixture credit . (House Committee bill summary ). Although both liquid fuel credits...

Guest Blog of the Week: Prospects for Climate & Energy Legislation in Late 2010—Part II

By Meredith Irvin and Erin Book, Managing Directors, SNR Denton In a week-long blog series, Meredith Irvin and Erin Book will summarize the main climate and/or energy proposals that are currently being discussed as we head into the final working days of the 111th Congress. Today’s blog...