The National Biodiesel Board (NBB) and more than 50 member organizations are urging Congressional leaders to extend the biodiesel tax credit as soon as possible for at least 2018.
In a letter to House and Senate leadership sent in advance of a hearing Wednesday morning, the biodiesel stakeholders said, “We believe that if the tax credit is extended through at least 2018, the biodiesel industry would experience substantial growth in the near term, which would create significant new employment opportunities.”
Cal Meyer, chief operating officer at Ag Processing Inc, will testify on behalf of NBB before the Ways and Means Tax Policy Subcommittee at the Hearing on Post Tax Reform Evaluation of Recently Expired Tax Provisions, which will begin at 10:00 am Eastern. Others biofuels representatives scheduled to testify are Michael McAdams, Advanced Biofuels Association; Ed Hubbard, Renewable Fuels Association; and Brooke Coleman, Advanced Biofuels Business Council. All are slated to testify on Panel Four, which may not be heard until 2:00 Eastern or later.