New Bill to Extend Biodiesel Tax Incentive to 2017

Senators Blanche Lincoln (D-AR) and Norm Coleman (R-MN) introduced
legislation on March 14 to extend the federal excise tax credit and income tax
credit for biodiesel to 2017. If adopted, the legislation would continue the era of
growth in the biodiesel industry that similar Lincoln-sponsored legislation launched
when it became law in 2004. The legislation can serve as a legislative vehicle that
could be conferenced with the Renewable Fuels and Energy Independence Promotion Act
(H.R. 196) that Representatives Earl Pomeroy (D-ND) and Kenny Hulshof (R-MO)
introduced on January 4. The House legislation would make permanent the federal
excise blender tax credit for biodiesel and the Small Agri-Biodiesel Producer
Credit. Contact your Member to request that they support these important bills. See
an updated list of co-sponsors to H.R. 196 here, http://thomas.loc.gov/.