House Democrats Introduce Energy Tax Extender Bill
On September 18, 2014, Representatives Earl Blumenauer (D-OR) and Dave Loebsack (D-IA), along with 16 other Members of Congress, introduced H.R. 5559, the Bridge to a Clean Energy Future Act of 2014. A copy of Representative Blumenauer's statement on the bill is available online.
H.R. 5559 is the House counterpart to S. 2260, the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act. The package of tax extenders was approved by the Senate Finance Committee in April and stalled on the Senate Floor since May. A copy of H.R. 5559 is not yet publicly available. Reportedly it is very similar to the EXPIRE Act, which would extend key biofuels incentives, including: the Alternative Fuel Refueling Property Credit; the Second Generation Biofuel Producer Tax Credit; the Special Depreciation Allowance for Second Generation Biofuel Plant Property; the Biodiesel and Renewable Diesel Fuels Credit; and the Alternative Fuel and Alternative Fuel Mixture Excise Tax Credit.
A copy of the most recent report by the Biobased and Renewable Products Advocacy Group (BRAG®) on the EXPIRE Act is available online.