June 16, 2017

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Bipartisan Bill Introduced To Reform The Biodiesel Tax Credit

On April 26, 2017, a bipartisan bill was introduced in the U.S. Senate to reform the biodiesel tax credit and extend the new policy for three years.  The American Renewable Fuel and Job Creation Act of 2017, which was sponsored by Senator Chuck Grassley (R-IA), Senator Maria Cantwell (D-WA), and 14 other senators, transfers the $1 gallon tax credit from the blenders to the producers of biofuels to ensure that it incentivizes domestic production.  The bill also provides an additional $0.10 gallon credit for small biodiesel producers in the United States.  According to a statement released by Grassely, the bill would incentivize domestic production, remove a system that allows foreign biodiesel producers to benefit from the tax credit, and would have little to no impact on the consumer. 

©2017 Bergeson & Campbell, P.C.

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About this Author

Lauren Graham, Bergeson Campbell Law Firm, Consortia Manager
Ph D

Lauren M. Graham, Ph.D., Manager with B&C® Consortia Management (BCCM), guides and facilitates effective consortia performance in advocacy programs, public outreach, product stewardship, and testing and compliance.  Dr. Graham offers BCCM consortia clients the scientific acumen she gained in academia and industry, and the organizational, editorial, and promotional skills honed while with the Royal Society of Chemistry (RSC), to assist consortia in reaching and exceeding their institutional goals.

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