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Biodiesel Industry Suffers as Tax Credit Ends

OKLAHOMA CITY - With the expiration of a federal tax credit that provided makers of biodiesel $1 for every gallon, some U.S. biodiesel producers say they will shut down without the government subsidy.

Tags: alternative fuels, biodiesel, taxes

December 23, 2009 - Industry News

NBB Releases Study on Critical Importance of Biodiesel Tax Credit

WASHINGTON - The National Biodiesel Board (NBB) released a study conducted which examined the economic impact of the biodiesel industry and the negative consequences of allowing the credit to lapse. The biodiesel tax incentive is currently set to expire on December 31, 2009.

Tags: biodiesel, National Biodiesel Board, taxes

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