Congress Urged to Pass Biodiesel Tax Credit in Budget Negotiation

Federal Legislation, Opinions, Policy

January 24, 2018

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by Ron Kotrba (Biodiesel Magazine) … (B)iodiesel companies are pressing Congress to pass the $1 per gallon biodiesel tax credit, which expired more than a year ago for the fifth time in its existence. On Jan. 17, 75 companies and three organizations from all segments of the biomass-based diesel value chain sent a letter to key leaders in Congress asking them to include the biodiesel tax credit in ongoing budget negotiations or continuing resolution.

In December, Sen. Orrin Hatch introduced S. 2256, a tax extenders act, which includes retroactively extending the biodiesel and renewable diesel tax credits from Jan. 1, 2017, through Dec. 31, 2018. The signatories support passage of S. 2256, which keeps the credit as a blender’s credit vs. reforming the incentive for domestic producers only, which the National Biodiesel Board has pushed for several years. READ MORE

After Shutdown, Grassley Ready to Pursue “Unfinished Business” in the Senate (Iowa Public Radio)

NBB HOPEFUL ON BIODIESEL TAX CREDIT (Brownfield Ag News)

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