biodiesel fuel pump United Soybean Board

Senators propose biodiesel tax credit reform

Bipartisan legislation would reform biodiesel tax credit to domestic production credit and extend new policy for three years.

A biodiesel tax credit bill that would convert the blenders credit for biodiesel to a $1/gal. production credit for fuels produced in the U.S. for three years was introduced by a bipartisan group of senators led by Sens. Chuck Grassley (R., Iowa) and Maria Cantwell (D., Wash.). The bill provides an additional 10 cents/gal. credit for small U.S. biodiesel producers.

The Grassley/Cantwell-authored American Renewable Fuel & Job Creation Act of 2017 extends this important clean fuel i

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