Senator Grassley reaches deal on biodiesel tax extenders

In Washington, Senate Finance Committee Chairman Chuck Grassley (R-Iowa) made the following comments on the deal reached by lawmakers regarding temporary tax code provisions also known as “extenders.”

“After years of uncertainty for many Americans, we’ve finally come to an agreement on the future of these temporary tax policies. Many people in my state, farmers and processors alike, can breathe a sigh of relief that Congress will extend the biodiesel tax credit retroactively and through 2022. That industry employs more than 60,000 Americans, including thousands of Iowans. This extension provides important, longer-term stability for them and their communities. As chairman of the Finance Committee, I led the effort to get this top priority done.”