BIO thanked Rep. Bill Pascrell (D-N.J.), Rep. Steve Stockman (R-Texas), and other original co-sponsors for introducing the Qualifying Renewable Chemical Production Tax Credit Act of 2013, which provides renewable chemical producers access to production tax credits currently available for other renewable energy producers. Legislation will reduce taxes for U.S. producers of renewable chemicals, helping them to commercialize homegrown technology and build new biorefineries in the U.S.
This story is related to the following:Green & CleanSearch for suppliers of: