Biodiesel Industry Urges Congress To Extend Tax Credit

Law360, New York (December 20, 2013, 5:01 PM ET) -- The U.S. biodiesel industry on Friday urged Congress to extend a $1-per-gallon tax credit on biodiesel fuel that is slated to expire on Jan. 1, saying companies are hesitant to hire new employees because the credit is likely to lapse at the end of the year.

In a letter to Congress' top tax writers, the National Biodiesel Board said the tax credit has been an effective policy that has spurred job creation and economic activity at biodiesel refineries since the incentive was first enacted in 2005. ...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers