Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
The Environmental Protection Agency is expected to propose trimming biofuel usage mandates for 2021, while increasing the renewable volume obligations for next year, a Capitol Hill source confirmed to Agri-Pulse.
A federal appeals court has upheld the Environmental Protection Agency’s 2019 renewable fuel volumes in the face of challenges from both the biofuels and oil industries, but also ordered EPA to re-examine the impacts of the program on the environment, particularly endangered species.
A major Trump administration action to expand the availability of higher blends of biofuels suffered a significant legal setback Friday that could lead to a fresh moratorium on summertime sales of 15% ethanol blends.
The Supreme Court has ruled in favor of small refineries seeking relief from the Renewable Fuel Standard, delivering a major blow to biofuel groups in a long-running legal battle over the governance of the nation’s ethanol and biodiesel policy.
The Biden administration is finally putting some detail today on its 30-by-30 plan. The president’s call for conserving 30% of U.S. land by 2030 has been raising a lot of concern across the countryside that administration officials have been pushing back on for several weeks now.