“At a time when our economy is struggling, we cannot afford to let these tax incentives expire and stymie the growth we have seen in our ethanol industry,” says Representative Earl Pomeroy, a North Dakota Democrat who is lead co-sponsor along with Republican John Shimkus of Illinois.
Aside from the tariff that affects mainly ethanol imports from Brazil, a 45-cent a gallon tax credit for gasoline blenders and a 10-cent a gallon ethanol tax credit for small producers will expire on 1 January 2011.
