Sens. Grassley and Klobuchar introduce bill to extend Small Agri-Biodiesel Producer Credit
In Washington, Sens. Chuck Grassley (R-IA) and Amy Klobuchar (D-MN) have introduced legislation to extend availability of the Small Agri-Biodiesel Producer Credit through 2029. U.S. companies that produce up to 60 million gallons of biodiesel per year using domestic agricultural feedstocks can claim this income tax credit of $0.20 per gallon on the first 15 million gallons of production. The credit will expire on December 31 this year unless Congress adopts the extension introduced today.
Category: Policy
