STATEMENT: Biodiesel Tax Incentive Extension is Step in Right Direction
February 9, 2018
(ANKENY, Iowa) – Congress passed a spending package that will fund the government through March 23, among other things. The bill includes a one-year, retroactive extension of the biodiesel tax credit that covers 2017. Grant Kimberley, executive director of the Iowa Biodiesel Board, issued the following statement:
“Our state’s biodiesel producers are relieved to have the biodiesel tax credit restored for 2017. And while we are thankful Congress passed that, the fact that it was not extended into 2018 leaves these businesses in the same precarious situation of having to roll the dice with their business decisions, betting on whether it will come back for 2018. We are disappointed in this.
"We appreciate the work of our tireless champions, in particular Sen. Chuck Grassley, but also the entire Iowa delegation, for their leadership on the blenders credit. We will continue to help them make the case that a long-term extension is good energy and economic policy for America.”
The Iowa Biodiesel Board is a nonpartisan state trade association representing the biodiesel industry.