Biodiesel leaders from across the nation descended on Washington, D.C., to push lawmakers to renew the federal $1-a-gallon biodiesel tax credit. The National Biodiesel Board points out producers have been without the credit for all of 2015, and that’s the fourth time in six years Congress has allowed it to lapse.
During the recent National Association of Farm Broadcasting meeting in Kansas City, Missouri, NBB board member Greg Anderson, a soybean producer from Nebraska, said they’d like to get the tax credit done for two years – retroactive for 2015 and for the upcoming 2016 calendar year. He said it’s important to get this passed.
“It levels the playing field,” said Anderson. “We know that oil is subsidized, and biodiesel is a young industry [in comparison]. It would give incentives and confidence to the plants out there that have the production capacity, want to make new hires, provide great jobs and energy independence. We’re lacking when [the tax credit] is not in place.”
Anderson feels confident it will get done, because he knows the NBB’s Washington office has been working legislators hard. He hopes those lawmakers will realize just how valuable the fuel is and how it fits with the Renewable Fuel Standard (RFS).
“Biodiesel is the tip of the spear toward the RFS’ success. We’re the only advanced biofuel commercially available,” showing success from coast-to-coast, heating homes and fueling vehicles cleanly, he noted.
Anderson added the NBB is also working with the Environmental Protection Agency that could see more aggressive RFS growth for biodiesel than what the EPA is currently proposing.
Listen to interview here: NBB board member Greg Anderson