Extending biodiesel tax credits

Source: BY MATTHEW CHOI, Politico • Posted: Wednesday, May 26, 2021

Lawmakers introduced bipartisan legislation in both the House and Senate to extend the biodiesel tax credit, presently set to expire next year, to 2025. Reps. Cindy Axne (D-Iowa) and Mike Kelly (R-Pa.) introduced a House version Tuesday, while Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Wash.) introduced companion legislation in the Senate. The legislation has backing from a bipartisan mix of lawmakers representing states with large agricultural industries.