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Biodiesel Industry Urges Extension of Tax Incentive

first_img The National Biodiesel Board is urging Congress to extend the biodiesel tax incentive before it expires on December 31st. In a letter to House and Senate tax committee leaders last week, NBB says failure to support the extension could lead biodiesel producers to “cut jobs and production” at a time when they are “poised to expand and hire.” Policy stability will help the industry sustain growth, according to NBB leaders.The letter to lawmakers says the growth of the U.S. biodiesel industry in recent years is paying tremendous dividends in reducing emissions, strengthening energy security, and creating jobs and economic activity in every state. NBB says the biodiesel industry supports nearly 48,000 jobs and $1.9 billion in wages across the country.Source: NAFB News Service Facebook Twitter By Hoosier Ag Today – Oct 31, 2016 Previous articleRyan Martin’s Indiana Ag Forecast for October 31, 2016Next articleProof Trade Really Works and Why Know Body Will Believe it Hoosier Ag Today SHARE Facebook Twitter Home Indiana Agriculture News Biodiesel Industry Urges Extension of Tax Incentive SHARE Biodiesel Industry Urges Extension of Tax Incentivelast_img read more