US Congress Likely to Extend Expired Biodiesel Tax Incentive

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19 Feb 2014 09:52 Helen Clark

CHEMMONITOR.COM – The US Senators have introduced a bill, S. 2021, to extend a tax incentive for biofuel production. The incentive, which embraces biodiesel, renewable diesel and aviation jet fuel, is projected to escalate production and spur jobs at the US biodiesel plants.

The legislation would reinstate USD 1 per gallon incentive, which has lapsed three times since 2010.

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