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