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




NBB Applauds Bipartisan Support for Extending the Biodiesel Tax Incentive Now

Feb 11, 2019, 4:07 PM
Forty-four members of Congress make bipartisan ask for quick multi-year extension

NEWS
FOR IMMEDIATE RELEASE

 Contact: Paul Winters
 202-737-8801
pwinters@biodiesel.org

WASHINGTON, D.C. – Today, the National Biodiesel Board (NBB) thanked 44 members of the House of Representatives – led by Reps. Dave Loebsack (D-IA) and Darin LaHood (R-IL) – who asked Congressional leaders to adopt a multi-year extension of the biodiesel tax incentive as soon as possible. Congressmembers from across the country – from California to New York – sent the letter to House Speaker Nancy Pelosi (D-CA), Republican Leader Kevin McCarthy (R-CA), Majority Leader Steny Hoyer (D-MD), and Republican Whip Steve Scalise (R-LA).

The letter notes that the biodiesel tax incentive was retroactively renewed for 2017 in February of last year but left expired for 2018 and beyond.

“Biodiesel and renewable diesel producers testified before the House Ways & Means Committee last spring and worked with Congress all year to make a case for resolving the off-again, on-again nature of tax incentive eligibility. A multi-year extension of biodiesel and renewable diesel incentives will provide the industry the certainty it needs to continue to generate economic and environmental public benefits,” the letter states.

A copy of the letter is available for download.

Kurt Kovarik, NBB’s Vice President of Federal Affairs, added, “NBB and its members appreciate the leadership of Representatives Loebsack, LaHood and others from across the country who co-signed this letter. The letter demonstrates the strong, bipartisan support for a multi-year extension of the biodiesel tax incentive now, in order to provide biodiesel producers, blenders and retailers the opportunity to plan and expand the market for biodiesel. That expansion would deliver economic and environmental benefits to drivers, consumers, farmers and others all along the value chain.”

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 about biodiesel, visit www.biodiesel.org.

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