House passes biodiesel tax credit extension

By Ron Kotrba | November 20, 2009
Posted December 11, 2009

The U.S. House of Representatives passed tax extender package H.R. 4213, which included a one-year extension of the biodiesel blender tax credit.

"While it remains to be seen when or if the Senate will take up this tax incentive provision, the NBB will continue to work with its membership and Senators to ensure this important measure is passed and signed into law," said Michael C. Frohlich, Director of Communications for the National Biodiesel Board's Washington, D.C., office.

"In terms of the five-year tax extension that would also alter the credit from a production excise credit to a producer credit, it is clear that due to the legislative calendar and the priorities currently facing Congress-healthcare being front and center-that legislation (S.1589 and HR 4070) will not be voted on this year," Frohlich said. "Therefore, the NBB has decided to endorse the one-year extension as to ensure that the tax credit does not expire, and will continue to work towards a multiyear producer credit in the future."

The bill passed 241 to 181, and was referred to the U.S. Senate where it was received and read twice, then referred to the Committee on Finance.
 
 
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