Tuesday, Iowa Senators Chuck Grassley and Joni Ernst joined four other Senators in introducing the Biodiesel Tax Credit Extension Act of 2021.Grassley says it calls for extending the tax credit through 2025.
He says this tax credit is essential in providing a fuel that benefits the environment and reduces carbon emissions.
Grassley says having the biodiesel tax credit in place has helped the industry grow and given investors certainty and he’s hoping his measure will help solidify that going forward.
House members signing onto the legislation include Congresswoman Cindy Axne of Iowa and Representative Mike Kelly of Pennsylvania.