No decision yet on ethanol subsidy rate: Sen. Conrad

WASHINGTON | Wed Dec 8, 2010 3:29pm ESTWASHINGTON (Reuters) - Sen. Kent Conrad said on Wednesday lawmakers have not yet reached a decision on the ethanol subsidy rate that expires at the end of December.Conrad, chairman of the Senate Budget Committee, said ethanol was Conrad said he discussed ethanol supports with other Democratic senators, who met in private to discuss estate and income tax rates.The 45-cent a gallon excise tax credit for ethanol is scheduled to expire on Dec 31. So would a 54-cent a gallon tariff on imported ethanol and a 10-cent a gallon credit for small producers of ethanol.

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