With the future of corn ethanol hanging in the balance in Congress, the Ohio Corn Growers Association’s (OCGA) recent grassroots lobbying trip to Washington, D.C., garnered crucial support for an ethanol-blender’s tax credit, known as VEETC (Volumetric Ethanol Excise Tax Extension). The legislation continues the current tax credit for entities that blend ethanol with gasoline.
This week, U.S. Representative Mary Jo Kilroy (D-OH), of Ohio’s 15th congressional district, signed as a co-sponsor for the Renewable Fuels Reinvestment Act (HR 4940) that would extend key ethanol tax incentives until the year 2015, including the $0.45 per gallon blenders credit for ethanol use.
“Current ethanol tax policies are working to build out the industry, expand infrastructure and provide the foundation for new technologies to thrive,” said OCGA President John Davis, a Delaware County farmer.
Davis was among a group of farmer board members in Washington, D.C., the week of July 14.