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April 26, 2017   |   Press Release

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National Biodiesel Board Applauds New Biodiesel Tax Credit Bill


“Well-crafted and efficient tax incentives can be powerful policy mechanisms to achieve the nation’s energy objectives and to create jobs. But subsidizing foreign manufacturing and hurting U.S. workers were not Congress’s intent. We applaud the senators’ bill to close this loophole by reforming the credit as a domestic production credit,” said Anne Steckel, Vice President of Federal Affairs at NBB. “Updating this tax credit is necessary to create a level playing field for U.S. biodiesel producers—and it has the added benefit of saving millions of taxpayer dollars.”


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