WASHINGTON, D.C.– The U.S. biodiesel industry today applauded the U.S. House Ways and Means Committee for approving H.R. 6049, the Energy and Tax Extenders Act of 2008. Among its many provisions, the legislation extends the biodiesel tax incentive, which is a top priority for the biodiesel industry.
"I would like to thank Chairman Rangel and the members of the Ways and Means Committee for extending and improving the biodiesel tax incentive," said Joe Jobe, CEO of the National Biodiesel Board (NBB). "The biodiesel tax incentive is working, and the committee's decision to support biodiesel will help our industry improve America's energy independence by displacing foreign petroleum with clean-burning, domestically produced fuel." [Read full press release]
Sources: National Biodiesel Board Press Release - May 15, 2008