Industry Responds to Biodiesel Tax Reform Proposition
by Nicholas Zeman (Biodiesel Magazine) The National Biodiesel Board said last week that the Biodiesel Tax Incentive Reform and Extension Act, a piece of legislation introduced to the U.S. Senate last week by Sens. Charles Grassley (R-IA) and Maria Cantwell (D-WA), is a “common sense” proposal that will bring stability and reliability to the marketplace by extending the tax incentive for five years.
As industry leaders responded to Biodiesel Magazine’s questions about the proposed changes, some positively disagreed with NBB’s applause of the measure in Washington to not only extend benefits but convert from the blenders excise tax credit to a producer’s excise tax credit. “I don’t understand their wanting to change that,” said one NBB member who asked to remain anonymous. “I don’t see the sense or the advantage in it.” READ MORE
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