Lawmakers look to reduce ethanol tariff
June 10, 2008
by FoodBusinessNews.net Staff
WASHINGTON — Senator Dianne Feinstein of California and Senator Judd Gregg of New Hampshire have introduced legislation to lower the tariff on imported ethanol. The proposed changes would bring the tariff in line with U.S. ethanol blending subsidies, which the new farm bill lowered to 45c per gallon from 51c per gallon.
Previous import tariffs were 54c per gallon, and the bill would lower this to 45c per gallon and require Congress to lower tariffs again if blending subsidies are reduced. The bill has gone on to the Senate Finance Committee.
Other biofuels bills have been introduced as well, including measures to restore certain fuel provisions enacted in the Energy Policy Act of 2005, amend the Clean Air Act to authorize the president to waive any requirement for a volume of renewable fuels if applicable volume is not technologically feasible or commercially available, and remove the additional tariff on ethanol.