Speedy Action on Biofuels Tax Credit Extension Is Looking Dim

The biofuels industry likely won’t get an extension on blenders tax credits that they say would alleviate frustration and delays in the marketplace created by the lack of rules for its replacement credit.

“I think the likelihood of us doing a year-end tax deal are incredibly low at the moment,” Grace Enda, a Senate Finance Committee staff member, said Thursday in response to a question about an extension of the blenders tax credits for biodiesel and sustainable aviation fuel. “I don’t think people should be putting all their eggs in that basket of a 40A or 40B extension.” She ...