California Rep. Kiley Introduces Bill To Incentivize New Biomass Facilities
During the July 15 Transportation & Infrastructure Committee hearing of the U.S. House of Representative Rep. Kevin Kiley (I-CA) introduced H.R. 9746, the Biomass Facility Construction Act. This legislation would create a tax credit totaling 30% of the cost of construction for biomass facilities and allow them to concurrently receive the existing tax credit for energy produced via biomass.
“Our forests are overgrown and in desperate need of cleanup,” Rep. Kiley said in his remarks, which his office posted on YouTube. “A large contributor to this heightened wildfire risk is the buildup of limbs, leaves, shrubs, bushes, and dead wood, otherwise known as biomass. When biomass accumulates in our forests, it creates more fuel for wildfire.”
A large part of wildfire mitigation efforts is cleaning up this biomass, but contractors struggle with disposing of this material because there aren’t enough biomass facilities to bring it to. To help address the lack of facilities, this legislation provides a tax credit for biomass facility construction and energy production. This will lead to the construction of more biomass facilities, creating more access for contractors to offload this material and lower the costs of wildfire mitigation efforts.
Latest news
Bolivia’s Exomad Green, Microsoft Enter Into Landmark Carbon Credit Agreement
Bolivia’s Exomad Green, Microsoft Enter Into Landmark Carbon Credit AgreementThe largest-ever carbon removal deal involving biochar, marking a major milestone in the carbon removal market, turns sustainable forestry residues from Bolivia’s Exomad Green SRL into...
Rayonier Fights City Of Fernandina Beach Over Bioethanol Production
Rayonier Fights City Of Fernandina Beach Over Bioethanol Production Rayonier Performance Fibers, LLC (also known as RYAM or Rayonier Advanced Materials) has filed lawsuits against the city of Fernandina Beach, Fla. and the board of City Commissioners for what...
Forisk Promotes Amanda Lang To President & COO
Forisk Promotes Amanda Lang To President & COO Forisk Consulting, a leading provider of forestry industry analytics and research, has announced further growth and updates to its leadership team. Amanda Lang has been promoted to President & Chief Operating...
USA Bioenergy, LP Sign Feedstock Letter Of Intent
USA Bioenergy, LP Sign Feedstock Letter Of IntentUSA BioEnergy (USABE) has signed a letter of intent with LP Building Solutions (LP) outlining plans to enter a long-term supply agreement for sustainably sourced wood fiber to support operations at USAB’s planned Texas...
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.