MPB Builders



National & World Ag News Headlines
Biodiesel Board Praises Proposed Tax Credit Extension
USAgNet - 09/13/2021

The National Biodiesel Board welcomed the proposed extension through 2031 of the biodiesel and renewable diesel blenders tax credit in the House Ways & Means portion of the Build Back Better Act.

NBB thanked House Ways & Means Committee Chairman Rep. Richard Neal (D-MA) and Senate Finance Committee Chairman Sen. Ron Wyden (D-OR), as well as House and Senate co-sponsors of legislation to extend the credit, including Reps. Cindy Axne (D-IA) and Mike Kelly (R-PA) and Sens. Maria Cantwell (D-WA) and Chuck Grassley (R-IA).

"Biodiesel and renewable diesel are clean, low-carbon fuels that are widely available today to achieve the carbon reductions Congress is seeking," said Kurt Kovarik, NBB Vice President of Federal Affairs. "These fuels are 74% less carbon intensive than petroleum diesel on average and have prevented more than 140 million tons of carbon emissions since 2010."

Kovarik says the biodiesel tax credit continues to be extremely successful in expanding consumer access to these clean, low-carbon fuels while driving economic growth and job creation.


Other National Headlines
Ag-Bag
Sheah Auguers/SD Ellenbecker
Copyright © 2021 - Farms.com. All Rights Reserved.