Soybean Growers Urge Congress to Extend Biodiesel Tax Credit

The U.S. Clean Fuels Coalition and 10 national and state associations sent a letter to U.S. House and Senate leaders on 14 November requesting a one-year extension of the 40A Biodiesel and Renewable Diesel Blender Tax Credit.

With less than 60 days left before the scheduled transition to the new 45Z Clean Fuels Production Credit and without adequate guidance from the U.S. Treasury, a one-year extension of the existing policy is needed to provide certainty and stability for stakeholders in the biodiesel and renewable diesel industries.