Ethanol supporter hopes debt ceiling bill restores tax incentives

New legislation that would raise the U.S. debt ceiling includes language ethanol supporters would like removed.  Economist Scott Richman from the Renewable Fuels Association tells Brownfield the bill as-written repeals several biofuel tax credits that are important for meeting climate goals. “What this is going to do is provide a way for biofuel producers to monetize that reduction in carbon to push toward net zero.”

Richman says the $1.25 Sustainable Aviation Fuels Tax Credit and the Clean Fuels Production Credit scheduled for 2025 are part of the Inflation Reduction Act. 

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