Peterson introduces biodiesel legislation

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

WASHINGTON – U.S. House Agriculture Committee Ranking Member Collin C. Peterson, D-Minn., today joined Rep. Aaron Schock, R-Ill., to introduce the Biodiesel Tax Incentive Reform and Extension Act (H.R. 2238). The legislation extends the $1 per gallon biodiesel tax credit to 2014 and changes the tax incentive to a production excise tax credit.

“Increasing the production of renewable energy is vital to creating jobs and growing our rural economies. Unfortunately, by allowing the biodiesel tax credit to lapse, we’ve already witnessed a loss of jobs and production,” Peterson said. “The biodiesel industry is still developing and, with the certainty of the biodiesel tax credit, we can continue to move forward and fully realize our renewable energy potential.”



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


RX7320

When moving hay to feed dairy cows, farmers are seeking a versatile tractor. KITOI’s new Tier 4 RX series tractors ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight