Brown introduces bill to create tax credit for biobased chemicals

In lieu of the production tax credit, producers could elect to take a 30% investment tax credit for qualified investments in new renewable chemical production facilities

Sens. Sherrod Brown, D-Ohio, and Pete Ricketts, R-Neb., in August introduced the Renewable Chemicals Act, a bill that aims to…

Full text: https://ethanolproducer.com/articles/brown-introduces-bill-to-create-tax-credit-for-biobased-chemicals

Author

Erin Voegele

Source

Ethanolproducer, 2024-08-22.

Supplier

Senator Pete Ricketts
Senator Sherrod Brown

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