Bipartisan group of 46 Congressmen ask House for multiyear biodiesel tax credit renewal

In Washington, a bipartisan group of 46 Congressmen sent a letter to House leadership last week asking them to push through a multiyear renewal of the biodiesel tax credit that was approved in March retroactive for 2017 but not implemented for 2018.

“Biodiesel and renewable diesel producers are putting investments on hold in the face of the uncertainty created by the off-again, on-again nature of tax incentive eligibility. A multi-year extension of the biodiesel and renewable diesel incentives will provide the industry the certainty it needs to continue to generate the economic and environmental public benefits,” the group said in the letter.