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After Senate passage, future of tax credit remains unclear
Source : biodieselmagazine.com
The U.S. Senate recently took an important step toward protecting our nation’s energy security and protecting thousands of jobs in rural America by passing a one-year extension of the federal biodiesel tax credit. The future of that legislation, however, remains uncertain since the legislation must be reconciled with significantly different legislation passed by the U.S. House of Representatives. On Dec. 9, 2009, the House passed an extension of the biodiesel tax credit. That legislation, the Tax Extenders Act of 2009 (H.R. 4213), would extend the biodiesel tax credit through Dec. 31, 2010. The House legislation would make the extension retroactive to cover sales of biodiesel that occur after Dec. 31, 2009, the date on which the tax credit expired.
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28 April 2010 |
Legislation ::
Biodiesel ::
United States & Canada
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Articles regarding the United States & Canada (642 articles)
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