Friday, March 12, 2010

Breaking News-RTRS-US Senate passes bill to extend biodiesel credit

WASHINGTON, March 10 (Reuters) - The U.S. Senate approved a bill on Wednesday that includes revival of the $1-a-gallon biodiesel tax credit for this year, which the renewable fuels industry has said is needed to increase output.
The overall bill, approved 62-36, is a $149 billion package of jobless aid and tax breaks Democrats hope will help spur job creation. The legislation now heads to the House of Representatives, where lawmakers could make changes of their own.