(Notícia em Inglês)
The $1 a gallon biodiesel tax credit would be revived for 2010 under a jobs and tax-cut bill under consideration in the Senate, Finance Committee leaders.
The biodiesel credit expired at the end of 2009. About 12 percent of U.S. soyoil is used to make biodiesel. The American Soybean Association says production has virtually ceased since expiration of the credit.
Traders in soybean oil on the Chicago Board of Trade have been watching whether the credit would be restored as it would improve market demand.
Besides renewing the $1 biodiesel credit through 2010, the bill extends the small agri-biodiesel producer credit of 10 cents per gallon. It also extends through 2010 the $1.00 per gallon tax credit for diesel fuel created from biomass.
reuters.com»
The $1 a gallon biodiesel tax credit would be revived for 2010 under a jobs and tax-cut bill under consideration in the Senate, Finance Committee leaders.
The biodiesel credit expired at the end of 2009. About 12 percent of U.S. soyoil is used to make biodiesel. The American Soybean Association says production has virtually ceased since expiration of the credit.
Traders in soybean oil on the Chicago Board of Trade have been watching whether the credit would be restored as it would improve market demand.
Besides renewing the $1 biodiesel credit through 2010, the bill extends the small agri-biodiesel producer credit of 10 cents per gallon. It also extends through 2010 the $1.00 per gallon tax credit for diesel fuel created from biomass.
reuters.com»