In a new report, the National Biodiesel Board highlights the significance of the biodiesel tax credit. With the support of the Renewable Fuel Standard and tax credit, the biodiesel industry growth can be sustainable. NBB CEO Donnell Rehagen says the tax credit is a critical element of certainty. At this time, it is expired and needs to be renewed. “If this is uncertain, it threatens the stability of the whole industry. That flows through the biodiesel industry and farm economy.” NBB Vice President of Government Affairs Kurt Kovarik says there’s work being done to prioritize tax extender legislation by the end of 2019. “I hope that message will be heard by key lawmakers. We have no reason to believe the message won’t be heard.”
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