Rep. Finkenauer Urges Congress to Extend Biodiesel Tax Credit

At a House Ways and Means Committee hearing on Tuesday, Rep. Abby Finkenauer (D-IA) urged lawmakers to extend the biodiesel blender’s tax credit. Rep. Finkenauer said, "There are many issues pending before this committee that are important to my constituents, but I want to focus my testimony today on what should be a bipartisan effort, and should have been done in the last Congress, which is the biodiesel tax credit.” She added that “it is imperative that Congress extend the biodiesel tax credit and work with the Senate Finance Committee to get something done quickly."

In April, Rep. Finkenauer introduced bipartisan legislation (H.R. 2089,) known as the “Biodiesel Tax Credit Extension Act,” that would extend the biodiesel blender’s tax credit for 2018 and 2019. PMAA supports this important legislation.

The biodiesel tax credit expired on December 31, 2017 and has been in limbo since. Congress must act now to retroactively extend the credit for calendar year 2018 and through at least 2019.

From PMAA