It's now all but certain that the
ethanol tax credit will
expire at the end of the year, and the
ethanol producers continue to claim
credit for «giving it up» despite that it was obviously lost due to larger political considerations, and the fact that they lobbied initially for its extension and then eventually for a substitute which would have still funneled money into their industry.
If you look at this part of the
tax code, many of the energy - related
tax incentives will
expire at the end of 2011, including the section 1603 program; the
credit for energy - efficient residential retrofits; the
credit for construction of new energy - efficient homes; the
credit for energy efficient appliances; and the incentives for alcohol fuels (mostly
ethanol), biodiesel, and renewable diesel.