BIO thanks Rep. Scott Peters (D-CA) for extension legislation.
Share:
Press Release Summary:
BIO expressed thanks to Rep. Scott Peters (D-CA) for introducing the Second Generation Biofuel Extension Act of 2013, which provides a 1-year extension of the Second Generation Biofuel Producer Credit and the Special Allowance for Second Generation Biofuel Plant Property. According to Brent Erickson, EVP of BIO's Industrial & Environmental Section, extension of these tax provisions is needed to keep the playing field level for advanced biofuel companies commercializing innovative technologies.
Original Press Release:
BIO Thanks Rep. Scott Peters (D-CA) for Legislation to Extend Current Tax Policies
WASHINGTON--The Biotechnology Industry Organization (BIO) today expressed thanks to Rep. Scott Peters (D-Calif.) for introducing the Second Generation Biofuel Extension Act of 2013, which provides a one-year extension of the Second Generation Biofuel Producer Credit and the Special Allowance for Second Generation Biofuel Plant Property.
Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, noted, “On behalf of our member companies, I want to thank Representative Peters for this timely legislation. Extension of these tax provisions is needed to keep the playing field level for advanced biofuel companies commercializing innovative technologies. There are currently 48 commercial algae, renewable chemical and advanced and cellulosic biofuel biorefineries across the United States. These companies are driving employment and economic growth, while also creating a cleaner environment. Parity in the tax code with other technologies, including fossil fuels, will help grow their numbers.”
About BIO
BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter.” Subscribe to the BIO Newsletter.
Upcoming BIO Events
BIO CEO & Investor Conference
February 10 – 11, 2014
New York, NY
BIO Asia International Conference
April 8-9, 2014
Tokyo, Japan
World Congress on Industrial Biotechnology
May 12-15, 2014
Philadelphia, PA
BIO International Convention
June 23-26, 2014
San Diego, CA
Livestock Biotech Summit
September 16-18, 2014
Sioux Falls, SD
Contacts
Biotechnology Industry Organization (BIO)
Paul Winters, 202-962-9237
pwinters@bio.org
Web: www.bio.org
Blog: www.biotech-now.org
Twitter: @IAmBiotech
