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PMAA
News from Capitol Hill
Published by:
Petroleum Marketers Association of America
Contacts: Sherri Cabrera; Rob Underwood
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SENATE APPROVES
BIODIESEL TAX CREDIT EXTENSION
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March
10,
2010
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NCH-10-11
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Moments ago, the Senate passed Jobs bill II, the
“American Workers, State and Business Relief Act,” as a
substitute amendment to H.R. 4213, the Tax Extenders Act
of 2009, by a vote of 62 – 36. Included in Jobs bill II
is the vital one year extension of the one dollar per
gallon biodiesel blender’s tax credit. The credit will
also be available retroactively for biodiesel produced
during the credit's lapse. The biodiesel tax credit
expired Dec. 31, 2009.
Unfortunately, the one year extension of the National
Oilheat Research Alliance (NORA) authorization was not
included in Jobs II. PMAA members communicated
extensively to key Senate staff and urged Senators to
include the one year NORA extension as an amendment to
Jobs bill II/Tax Extenders bill. The Jobs II/Tax
Extenders bill will now head back to the House for
approval.
PMAA will work with House staff to include NORA language
in the Jobs II/Tax Extenders bill. |
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