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Biodiesel Producers-only Tax Credit Reintroduced In Senate

admin  -   09:35 am  -   May 17th, 2017

Senators Grassley (R-IA) and Cantwell (D-WA) have reintroduced legislation to extend the biodiesel tax credit for three years and move it upstream from blenders to producers, called the "American Renewable Fuel and Job Creation Act" (S.944). While NEFI strongly supports an extension of the biodiesel tax credit, the region's heating fuel marketers have warned that a producers-only tax credit would disadvantage biodiesel imports from Canada and other trade partners and cause supply disruptions and higher consumer prices for biodiesel and Bioheat(R) Fuel. NEFI is reviewing this legislation and discussing next steps.