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admin May 17, 2017
Two additional bills have surfaced that would retroactively renew the $1 per gallon federal biodiesel tax credit, which expired on December 31, 2016. The first is a companion bill to legislation offered in the Senate last week, known as the "American Renewable Fuel and Job Creation Act." The House bill (H.R.2383), offered by Reps. Kristi Noem (R-SD) and Bill Pascrell (D-NJ), is identical to the recently introduced Senate bill (S.944). Both bills would extend the biodiesel tax credit for three years and move eligibility from blenders to U.S. producers....