News

NBB calls on Congress to act on Biodiesel Tax Credit

The National Biodiesel Board is again calling on Congress to act before the end of the year on the Tax Extenders package that includes the Biodiesel Tax Credit.

NBB vice president of federal affairs Kurt Kovarik says nine biodiesel producers have been forced to close, cut production and lay off workers since the credit was allowed to expire nearly two years ago.

In a news release, Kovarik thanked Democratic Representatives Abby Finkenauer of Iowa and Kendra Horn of Oklahoma for sending a letter to House Speaker Nancy Pelosi and Ways and Means Committee Chairman Richard Neal urging them to make the extension of expired tax incentives an urgent legislative priority.