Advanced Biofuels Association Applauds Support of Extenders
Monday, July 20, 2015
Last week the U.S. Senate Finance Committee announced it would hold a hearing on Tuesday, July 21, to consider the tax extenders proposal. Ahead of the hearing, the Advanced Biofuels Association’s (ABFA) President, Michael McAdams issued the following statement:
We applaud the Senate Finance Committee for proposing a two-year extension of several advanced renewable fuel tax provisions that expired at the end of 2014. These credits provide important support for the emerging advanced and cellulosic biofuels industry. Many of our members are actively working to finance construction of manufacturing facilities, and capital markets appreciate the greater stability and certainty of a two-year extension compared to past cycles of annual expiration. ABFA looks forward to continue working with the Senate Finance Committee and industry partners to help advance this critical piece of legislation, which will help deliver the next generation of biofuels.