Renewable fuel groups are bending the ear of lawmakers, urging them to take action on IRA tax credits that expired at the end of last year.
The RFA’s Geoff Cooper says it could be a while before the industry gets solid answers around 45Z.
”...That’s why, in the meantime, RFA believes Congress should strongly consider reinstating the suite of biofuel tax incentives that expired in December, including the second generation biofuel producer tax credit.”
Cooper says he is optimistic for the year ahead, adding the ethanol industry added $50 billion to the GDP last year, with more than $25 billion in income.
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“These regulations, what we’re doing and what it does it just adds cost and burdens to our ag producers as they’re trying to feed, fuel and clothe the world.”
“What we’ve seen over the years is a real lack of proper management of those resources!”
“I see a path forward on this one. This is good for farmers and ranchers in this time of uncertainty.”
