The CEO of the Renewable Fuels Association welcomes the extension of several tax provisions in the Omnibus Appropriations and Coronavirus Relief Package.
Geoff Cooper tells Brownfield these credits will help support the expansion of the renewable fuels industry.
And specifically, Congress extended the Second Generation Biofuel Producer Tax Credit, and that provides $1.01 per-gallon. It’s an income tax credit for second-generation biofuel sales.”
He says that would include ethanol produced from corn kernel fiber and other crop residues.
