Tag: tax credit

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

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

October 2, 2018 |

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 […]

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Biodiesel fly in sees nearly 100 descend on Washington to push for biodiesel tax credit

Biodiesel fly in sees nearly 100 descend on Washington to push for biodiesel tax credit

June 21, 2017 |

In Washington, nearly 100 biodiesel advocates from across the country are visiting Capitol Hill Tuesday urging Congress to bring back the biodiesel tax incentive as proposed in both chambers of Congress. Participants include biodiesel producers, distributors and feedstock suppliers representing more than two dozen states. One theme is clear among members from each of these […]

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Iowa bill puts biofuel blending at risk by changing tax credit program

Iowa bill puts biofuel blending at risk by changing tax credit program

April 20, 2017 |

In Iowa, a proposed amendment to HSB 187 seeks to cap the biofuel tax credit scheme by issuing credits only after annual sales figures for fuel retailers were calculated, at which point the per gallon figure for the tax credit would be determined. Petroleum marketers are concerned that the policy shift, after the tax credit […]

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Argentina extends tax breaks for biodiesel through 2017

Argentina extends tax breaks for biodiesel through 2017

January 4, 2017 |

In Argentina, the government published a rule just before the new year to extend excise duty waivers for biodiesel used to produce electricity and taxes levied on biodiesel production in an effort to continue to support the industry that has yet to recover its export markets. Following on from the success achieved in 2016 to […]

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New York state’s Clean Heating Fuel Tax Credit extended through 2020

New York state’s Clean Heating Fuel Tax Credit extended through 2020

January 2, 2017 |

In New York state, the Clean Heating Fuel Tax Credit that provides 1 cent per gallon credit for biodiesel use in heating oil, up to 20 cents for 20%, was extended through 2020. The New York State Clean Heat Fuel Tax Credit is only applicable to blends from B6 through B20. Blends of B5 and […]

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Possible biodiesel tax credit extension won’t be approved this year

Possible biodiesel tax credit extension won’t be approved this year

November 22, 2016 |

In Washington, although Iowa Senator Chuck Grassley has introduced a bill to extend the biodiesel blenders credit, there’s no guarantee that the legislation will be passed before year’s end when it expires. The bill Grassley put forward along with 16 co-sponsors from both parties would not just extend the $1/gallon tax credit through 2019 but […]

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Congress: extend critical bioenergy tax credits during lame-duck session, asks BIO

Congress: extend critical bioenergy tax credits during lame-duck session, asks BIO

October 22, 2016 |

In Washington, the Biotechnology Innovation Organization called for the extension of renewable energy tax credits slated to expire at the end of 2016. In its letter, BIO urges Congress to advance a multi-year extension of the Second Generation Biofuel Producer Tax Credit, the Special Depreciation Allowance for Second Generation Biofuel Plant Property, the Biodiesel and […]

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BIO sends letter to Congress calling on extension of biofuel tax credits

BIO sends letter to Congress calling on extension of biofuel tax credits

October 19, 2016 |

In Washington, the Biotechnology Innovation Organization (BIO) sent a letter to Congressional Leadership, the Senate Finance Committee Chairs, and the House Ways and Means Committee Chairs calling for the extension of renewable energy tax credits slated to expire at the end of 2016. In its letter, BIO urges Congress to advance a multi-year extension of […]

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NBB teams with more than 50 industry groups to extend biodiesel tax credit

NBB teams with more than 50 industry groups to extend biodiesel tax credit

September 26, 2016 |

In Washington, the National Biodiesel Board along with more than 50 industry groups have sent a letter to lawmakers in order to get them to vote in favor of extending the biodiesel tax credit that expires at the end of the year. If it expires, it would be the fifth time in eight years the […]

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Sen. Grassley, 13 Others Introduce Biodiesel Tax Credit Extension Bill

Sen. Grassley, 13 Others Introduce Biodiesel Tax Credit Extension Bill

July 17, 2016 |

In Iowa, Senator Chuck Grassley and 13 other co-sponsors, including Sen. Joni Ernst, introduced a bill that would modify the $1.00 per gallon biodiesel blenders’ tax credit to a producers’ credit and extend it for three years. After being reinstated in late 2015, the federal biodiesel tax incentive is set to expire again on December […]

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