State Ag Departments Ask Congress To Extend Ethanol Tax

USAgNet reports that Iowa Secretary of Agriculture Bill Northey joined seven of his colleagues in requesting congressional leaders to act quickly to extend the Volumetric Ethanol Excise Tax Credit, which expires at the end of the year. Legislation has been introduced in both the Senate and House of Representatives that would extend the current ethanol tax policies to 2015.

“The failure to extend the biodiesel tax credit and the damage that has been done to that industry clearly highlight the need to act in a timely manner to make sure these critical policies are in place by the end of the year,” Northey said.