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Statement on Senate Finance Mark-Up

July 22, 2015


WASHINGTON — Bob Dinneen, President and CEO of the Renewable Fuels Association, released the following statement in response to today's markup by the Senate Finance Committee of a tax extenders bill that contained several provisions of importance to the biofuels industry. The bill contains a two-year extension of the Second Generation Biofuel Producer Tax Credit, the Special Depreciation Allowance for Second Generation Biofuel Plant Property, and the Alternative Fuel Mixture Excise Tax Credit. "I commend the Senate Finance Committee's leadership for recognizing how important these tax credits are for the continued growth and innovation of the U.S. biofuels industry. Stability in the marketplace is crucial to encouraging development in second-generation biofuels, like cellulosic ethanol. By extending these incentives, the Committee has helped to provide that needed stability. We look forward to working with the Senate Finance Committee specifically and Congress generally on comprehensive tax reform."