Obama signs spending bill, tax extenders legislation

Plantations International News On Dec. 18, President Obama signed a $ 1.1 trillion spending bill and accompanying legislative package of tax extenders into law. The legislation includes two-year extensions of several tax credits that benefit the bioenergy sector. On the morning of Dec. 18, the U.S. House of Representatives passed the spending bill by a vote of 316 to 113. A short time later, the U.S. Senate voted 56 to 33 in favor of the legislation. The tax package retroactively extends the $ 1-per-gallon blenders tax credit for biodiesel and renewable diesel for two years, from Jan. 1, 2015 through Dec. [...]