With strong support for passing some extenders, the biodiesel tax credit and the cellulosic tax credit both have strong individual supporters who are likely to make sure those provisions are included with any package that moves.As we previewed last month, work had begun in Congress to address the expiring provisions in the tax code. This is an annual process of developing a tax extender package. There are roughly 50 items that expire annually which Congress routinely extends at the cost of about $47 billion. The last time these were extended was in the fiscal cliff deal struck at the beginning of 2013. That extension expired at the end of 2013 and has not been renewed. The Senate Finance Committee has put out a tax extender package for this...

TAGS – Biofuels, Energy