DARRYL BLAKEY

2023 Farm Bill (H.R.8467 -- Farm, Food, and National Security Act of 2024). Among other things, BASF supports the inclusion of language related to mass balance in the new Farm Bill.

DOE Funding (no bills). BASF supports appropriations and funding for Dept. of Energy programs related to efficiency, energy codes, ARPA-E (innovation), and existing/obligated funding for contracts, programs authorized by Congress, and previous agreements. Biobased Technologies (P.L.117-169 Inflation Reduction Act). BASF supports the Section 45Z tax credit, expansion of related incentives, and other support for the use of biobased technologies.

Expiration of P.L.115-97 (Tax Cut and Jobs Act (TCJA)). BASF supports certainty in the business tax environment and a corporate tax rate that allows an appropriate return on investment, as well as immediate R&D expensing, a more flexible standard for interest deductibility, and full expensing of capital equipment purchases. Redrafting/Revising Renewable Chemical Act (previously H.R.6532/S.4931 in 118th session). BASF supports approaches that improve accessibility, usability, and recognition of mass balance accounting methodology.

Tarrifs. (H.R.8398 Miscellaneous Tariff Bill Reform Act). BASF supports the temporary reduction or suspension of duties on imports of goods not domestically produced.

General System of Preferences (GSP) (H.R.7986 - Generalized System of Preferences Reform Act, H.R.7967 - To amend the Trade Act of 1974 to modify provisions relating to withdrawal, suspension, or limitation of country designation under the Generalized System of Preferences, H.R.8006 - Expedited Review of Products for GSP Act). BASF supports duty-free treatment of products imported from designated developing countries.

H.R.8398 (Miscellaneous Tariff Bill Reform Act). BASF supports the temporary reduction or suspension of duties on imports of goods not domestically produced.