Legislation to extend tax credit provisions that expired at the end of 2013 failed in the Senate May 15 after a procedural vote to move forward on the bill failed 53-40, short of the 60 votes needed.
05-16-2014 黑料社区opposes legislation introduced by Senators Maria Cantwell (D-Wash.) and Charles Grassley (R-Iowa) to move the biodiesel tax credit away from blenders to biodiesel producers.
02-14-2014 Although the Environmental Protection Agency (EPA) has sent its 2014 biofuels proposal to the White House Office of Management and Budget for Review, next year鈥檚 targets could be delayed because of the Government shutdown, according to published reports.
10-07-2013 In February, attendees at The 黑料社区Show 2013 had the opportunity to attend a 黑料社区U educational session on making biodiesel profitable at your travel plaza. 黑料社区and Chairman’s Circle member Renewable Energy Group are partnering to offer the presentation again on June 6! 黑料社区members only can register for this free webinar held Thursday, June 6 from 4:00 p.m. to 5:00 p.m. EDT.
05-22-2013 The Internal Revenue Service (IRS) has issued new and simplified filing procedures for 2012 retroactive biodiesel blender claims. The new procedure allows claims for all four quarters of 2012 to be filed on IRS Form 8849 Schedule 3. Blenders are no longer required to file amended IRS Form 720X returns to obtain 2012 biodiesel blending credits provided the claim is filed by July 1, 2013.
04-08-2013 The Internal Revenue Service announced that it has finished updating its tax-processing system software allowing business and individual taxpayers to once again electronically file 2012 federal tax returns, including motor fuel excise tax returns, biodiesel credit claims as well as alternative fuel and alternative fuel mixture credits and income tax returns.
03-18-2013 The Internal Revenue Service has issued guidance on how to claim biofuel tax incentives that were retroactively reinstated by Congress through 2012.
02-11-2013 U.S. Rep. Mike Pompeo (R-Kan.) has reintroduced legislation that would repeal numerous energy tax subsidies, including the cellulosic biofuel producer credit, the biodiesel and renewable diesel tax credit, the wind production tax credit and the enhanced oil recovery credit.
01-21-2013 The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation. The legislation includes extensions of some energy tax credits that are important to 黑料社区members.
01-02-2013 黑料社区and PMAA sent a letter to Congressional leadership and to tax writing committees urging them to include an extension of the one-dollar-per-gallon biodiesel blender鈥檚 tax credit to the tax extenders package currently being discussed among lawmakers.
12-03-2012 According to a new report released by the Energy Information Administration (EIA), ethanol’s market growth could be limited in coming years as the fuel approaches the maximum percentage blending cap set by the RFS2.
10-22-2012