Renewal of little-known tax credit is good for bioenergy projects

01/14/2013 |

The one-year extension of the little-known federal New Markets Tax Credit program is good news for rural-based bioenergy initiatives. The program, which provides a 39% tax incentive for investors, was first implemented in 2000 to spur economic activity in economically depressed rural and urban communities. Among the ventures that have been awarded the tax credit is ZeaChem's demonstration-scale advanced-biofuels project in Boardman, Ore.

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