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National Biodiesel Board Asks Congress For Biodiesel Tax Credit Extension

National Biodiesel Board Asks Congress For Biodiesel Tax Credit Extension

Photo: WNAX


National Biodiesel Board members along with several other biofuels groups are asking Congress to fully extend the $1 per gallon biodiesel blenders tax credit for 2018 and 2019. Biodiesel Board member and Nebraska grower Greg Anderson says they also want some type of permanent biodiesel tax credit extension.

He says earlier they made an attempt to make the tax credit a producers credit but now they’re just asking for the credit that expired to be reinstated and continue for 2018 and 2019.

Anderson says not having the biodiesel tax credit in place is costly for biodiesel plants, farmers as well as consumers.

Anderson says it’s a reasonable request to ask for extension of the biodiesel tax credit because for many years the oil and gas industries have had tax incentives that have never expired.

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