Loss of Incentives Could Hurt Biofuels Development
Credits are set to expire Dec. 31
Nebraska's ethanol industry could be adversely impacted if Congress doesn't extend key tax incentives, especially those for cellulosic ethanol, a Nebraska Ethanol Board official said.
The incentives that the Advanced Ethanol Council (AEC) and other groups are seeking to extend are designed to help the cellulosic ethanol industry, especially the Cellulosic Biofuels Producer Tax Credit and the Special Depreciation Allowance for Cellulosic Biofuel Plant Property. They are set to expire on Dec. 31.
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