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Jun 01, 2017
The American Soybean Association (ASA) needs growers at the state level to contact their members of the U.S. House of Representatives and urge them to co-sponsor the House and Senate biodiesel tax credit bills. Recently, Rep. Kristi Noem (R-SD) introduced H.R. 2383 and Sen. Chuck Grassley (R-IA) introduced S. 944, to extend the biodiesel tax credit and restructure it from a blender’s to a producer’s credit. The House bill currently has six co-sponsors and the Senate bill has 15 co-sponsors. The names of the current co-sponsors can be seen here and here.
To date, 46 letters were sent, and there is still time to take action through the Soy Action Center on this important issue.
The bill would provide a three-year extension (2017-19) of the biodiesel tax credit and shift it from a blender’s to a production credit to further promote domestic biodiesel production.
In previous years, more than 35 House members have co-sponsored biodiesel tax credit legislation and/or signed letters of support. Numbers need to match or exceed that for co-sponsors this year.
