BIO Comments on Finance Chairman's Staff Discussion Draft on Energy Tax Reform

BIO greatly appreciates Chairman Baucus&rsquo; commitment to making energy tax policy more straightforward, fair and effective, and supports the Chairman&rsquo;s vision of focusing energy tax policy on driving innovation and achieving the nation&rsquo;s environmental, economic and energy security goals.</p>

On behalf of the Biotechnology Industry Organization (BIO), I hereby submit comments on the Senate Committee on Finance staff discussion draft to reform certain energy tax provisions.

BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO represents nearly 90 companies leading the development of new technologies for producing conventional and advanced biofuels, renewable chemicals, biobased products, and other solutions to energy and manufacturing challenges. Through the application of industrial biotechnology BIO members are improving conventional biofuel processes, enabling advanced and cellulosic biofuel production technologies, delivering a new generation of renewable chemicals and biobased products, and speeding development of new purpose grown energy crops.