For nearly two decades, the federal biodiesel tax credit incentivized production of a clean, safe fuel that has become an economic engine and a reliable fuel source across the country. It has also been vital to job creation and the reduction of greenhouse gas emissions. But all of those benefits are now at risk because of congressional inaction in Washington.
The biodiesel tax credit lapsed in 2018 to the detriment of truck stop and gas station owners, the biodiesel and trucking industries, consumers and others that rely on the tax credit to expand their businesses and bring down energy costs. Unless Congress renews the tax credit soon, businesses across the supply chain — as well as consumers — will pay the price.
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