Iowa Representatives Lead Collaborative Congressional Effort to Reinstate Biodiesel Tax Credit for 2018 and Beyond
Led by Iowa Representatives Young and Loebsack, 46 House representatives sent a letter to Congressional leadership in support of a multi-year extension of the Federal biodiesel tax credit for blenders. An extension of the credit for 2017 was passed in the Bipartisan Budget Act of 2018 earlier this year. This extension did not include 2018 or any years beyond. In the letter, the Congressional representatives point out how biodiesel and renewable diesel producers are putting investments on hold in the face of uncertainty created by the off-again, on-again nature of the tax incentive eligibility.