Summary: To amend the Internal Revenue Code of 1986 to extend for 2 years tax credits with respect to biodiesel and renewable diesel. Cosponsors
ANGIE CRAIG’S POSITION: Representative Craig cosponsored the bill on 4/4/19.
STATUS: Introduced 4/4/19 by Rep. Finkenauer, Abby [D-IA-1].
ORGANIZATIONS IN SUPPORT OF THE BILL:
- “This legislation extends the biodiesel tax credit vital to Iowa’s economy at a time when farm income is at its lowest point in more than a decade and farmers are bearing the brunt of ongoing trade disputes,” said Congresswoman Abby Finkenauer. “Biodiesel production supports over 60,000 jobs across the United States and generates an economic impact of over $11 billion. A low carbon source of energy, biodiesel is good for the environment and is a crucial part of a green economy.” (Source: Abby Finkenauer)