Text from the Recreational Hunting and Wildlife Conservation Plan, 2008, Page 17
Develop investment tax credits that encourage the development of improved technologies for utilizing woody biomass for cellulosic ethanol. The credit would apply to all stages of a project including the removal of woody biomass and its transportation.
There are tax credits that can be applied to woody biomass such as the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007. Although these tax credits can be used for woody biomass production, specific production tax credits for woody biomass production have been proposed but not enacted.