Stable tax policy supports continued growth of the U.S. biodiesel and renewable diesel industry, helping to create jobs and economic opportunities across the country. Biodiesel and renewable diesel are widely available low-carbon fuels that enable states and cities to meet carbon reduction goals today.

In May 2021, Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) and Reps. Cindy Axne (D-IA) and Mike Kelly (R-PA) introduced bipartisan, bicameral legislation to extend the biodiesel tax incentive through 2025. When the credit is in place at the start of the year -- as it was in 2020 and 2021 and will be for 2022 -- the biodiesel industry can grow with confidence. Please use this form to identify your elected officials and ask them to co-sponsor the extension and support including it in any legislation addressing climate change, economic stimulus, or infrastructure. You can send a ready-made note -- or personalize it with information about your company.

As our members and industry supporters communicate with Washington policy makers, the media, and the public, NBB provides the resources to the right and works with them to amplify these points:

  • With plants and markets across the country, the U.S. biodiesel and renewable diesel industry supports 65,000 U.S. jobs and pays $2.5 billion in annual wages. The industry generates more than $17 billion in economic activity each year.
  • Every 100 million gallons of production supports 3,200 jobs and $780 million in economic opportunity for farm workers, producers, and distributors.
  • Biodiesel is a better, cleaner fuel. It is 74 percent less carbon intensive than petroleum diesel on average, and it significantly reduces particulate and hydrocarbon emissions that are tied to asthma and cardiovascular disease.
  • Biodiesel producers use a variety of raw materials – including recycled cooking oil, animal fats and plant oils – providing value to underutilized resources.


Focus on Tax News




Producers, Marketers Unify in Support of Biodiesel Tax Credit

Jun 25, 2018, 1:06 PM
Trade associations send joint letter to Congressional leaders requesting certainty in tax policy

NEWS
FOR IMMEDIATE RELEASE

Contact: Paul Winters
202-359-6571
pwinters@biodiesel.org 

WASHINGTON D.C. – Today, a diverse group of trade associations delivered a letter to Congressional leaders announcing a unified position to maintain and extend the current biodiesel blenders tax credit. In a letter to House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), House Democratic Leader Nancy Pelosi (D-CA), Senate Minority Leader Charles Schumer (D-NY), House Ways and Means Committee Chairman Kevin Brady (R-TX), and Senate Committee on Finance Chairman Orrin Hatch (R-UT), the National Biodiesel Board and others write:

“To provide certainty in planning, we believe Congress should extend the full $1.00 per gallon tax credit for 2018 and 2019. Beyond that, we are seeking long-term certainty, including a permanent tax incentive at a level that will continue to foster growth in the domestic biodiesel market.”

Noting that the U.S. biodiesel and renewable diesel market has grown from 100 million gallons in 2005 to nearly 2.6 billion gallons in 2017, the groups emphasized the biodiesel blender credit’s role in encouraging investment in infrastructure, generating high-paying jobs throughout the country, and providing environmental benefits. Moreover, the credit provides customers, such as the trucking industry, a reduction in the overall cost of their fuels. “Extending the biodiesel blenders credit will allow us to continue to provide the economic and environmental benefits associated with the program,” the groups write.

The groups also noted that the “on-again, off-again” nature of the credit disrupts access to capital, frustrates the sector’s ability to make investments, and hinders companies’ ability to hire and expand. The trade associations urged Congress to restore the tax credit for 2018 and 2019, and provide long-term certainty to the industry through a permanent tax incentive.

In addition to NBB, groups signing the letter include the Advanced Biofuels Association, the American Trucking Associations, National Association of Convenience Stores, National Renderers Association, NATSO, Representing America's Travel Centers and Truckstops, New England Fuels Institute, Petroleum Marketers Association of America, and Society of Independent Gasoline Marketers of America.

Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is a renewable, clean-burning diesel replacement that can be used in existing diesel engines without modification. It is the nation’s first domestically produced, commercially available advanced biofuel. NBB is the U.S. trade association representing the entire biodiesel value chain, including producers, feedstock suppliers, and fuel distributors, as well as the U.S. renewable diesel industry.

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For more information on biodiesel, visit www.biodiesel.org

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