New bills offer hope for biodiesel tax credit

Biodiesel Magazine
August 2010
By Luke Geiver
Posted July 28, 2010

The latest chance for a biodiesel tax credit extension, H.R. 4213 or the Unemployment Extension Act of 2010, passed without the biodiesel tax credit extension included. For months, the $1 per gallon biodiesel tax credit, which expired on Dec. 31, was included in H.R. 4213, but now the extension, led again by the support of Sen. Chuck Grassley, R-Iowa, must seek a new avenue to give the industry much needed relief. Grassley, who first introduced the extension legislation nearly a year ago with Sen. Maria Cantwell, D-Wash., and has since tried multiple times to pass it, has now introduced an amendment to the Small Business Bill currently under debate in the senate.

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