Senate passes energy bill including RFS and small producer tax credit modifications

By | May 01, 2002
The U.S. Senate passed S. 517 last month. This comprehensive energy bill included a renewable fuels standard (RFS) and makes long-awaited modifications to the small ethanol producer tax credit.

The RFS provisions, backed by a coalition including members of the oil industry, agricultural groups, environmental and public health groups, and the ethanol industry, bans MTBE, eliminates the reformulated gasoline oxygen standard, enhances clean air rules, and establishes a minimum renewable fuels standard that grows to 5 billion gallons by 2012.