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Biodiesel Energy US

NBB urges Congress backs producer’s credit

Biodiesel producers’ association NBB Thursday continued its lobbying efforts with a letter to the House and Senate tax committees urging extension of the biodiesel tax credit, morphed into a producer’s credit, before the existing provision expires on December 31st.

“Legislation pending before Congress – S. 3188 and H.R. 5240 – would accomplish these objectives by extending the incentive through 2019 and changing it from a blender’s credit to a domestic producer’s credit. The legislation has strong support from American biodiesel producers and strong bipartisan support in both the House and Senate – reflected last year when a similar proposal passed the Senate Finance Committee,” Donnell Rehagen, interim NBB CEO, wrote.

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