Coalition of Senators urge Treasury to place restrictions on Biofuels Tax Credit

Sixteen U.S. Senators have signed a bipartisan letter urging the U.S. Treasury to restrict 45Z tax credits to biofuels that only use domestically sourced feedstocks. In a release Wednesday, Senator Roger Marshall of Kansas said the tax credit, as currently written, incentivizes foreign used cooking oil over homegrown soybean and corn oil and fails to […]

The post Coalition of Senators urge Treasury to place restrictions on Biofuels Tax Credit appeared first on Brownfield Ag News.

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