Finance panel set to close ‘splash and dash’ loophole

@article{citeulike:2789239, abstract = {The Senate Finance Committee today will mark up legislation intended to close a loophole that has allowed importers to pocket tens of millions of dollars in subsidies for biodiesel that never finds its way to U.S. gas tanks. Known as “splash and dash,” the loophole allows 100 percent biodiesel made from soybeans and other commodities and imported from a third country, such as Brazil or Malaysia, to be carried to a U.S. port, where a “splash” of petroleum diesel is added. This allows the importer to qualify for tax credits intended to promote the production and use of U.S. biodiesel.}, author = {Swanson, I. }, citeulike-article-id = {2789239}, journal = {The Hill [online]}, keywords = {biodiesel, biofuel, splash-dash, usa}, month = {June}, posted-at = {2008-05-12 12:20:06}, priority = {0}, title = {Finance panel set to close ‘splash and dash’ loophole}, url = {http://thehill.com/business--lobby/finance-panel-set-to-close-splash-and-dash-loophole-2007-06-19.html}, year = {2007} }

TY - JOUR ID - citeulike:2789239 L3 - citeulike-article-id:2789239 TI - Finance panel set to close ‘splash and dash’ loophole JF - The Hill [online] N2 - The Senate Finance Committee today will mark up legislation intended to close a loophole that has allowed importers to pocket tens of millions of dollars in subsidies for biodiesel that never finds its way to U.S. gas tanks. Known as “splash and dash,” the loophole allows 100 percent biodiesel made from soybeans and other commodities and imported from a third country, such as Brazil or Malaysia, to be carried to a U.S. port, where a “splash” of petroleum diesel is added. This allows the importer to qualify for tax credits intended to promote the production and use of U.S. biodiesel. KW - biodiesel KW - biofuel KW - splash-dash KW - usa AU - Swanson, I PY - 2007/06/19/ UR - http://thehill.com/business--lobby/finance-panel-set-to-close-splash-and-dash-loophole-2007-06-19.html ER -