Through the Gate // November 2024
12-16-2024 in Through The Gate
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Industry News & Updates
Iowa Groups Urge Congress to Extend Biodiesel Blender Tax CreditThe Iowa Soybean Association (ISA) and Iowa Biodiesel Board (IBB) today urged U.S. House and Senate leaders for a one-year extension of the 40A Biodiesel and Renewable Diesel Tax Incentive, set to expire December 31, 2024.
The energy tax credit has long generated economic return for U.S. soybean farmers and fuel producers, while helping to diversify the nation’s energy supply and reduce emissions.
The letter, submitted alongside the American Soybean Association, National Oilseed Processors Association, Clean Fuels Alliance America (Clean Fuels) and fellow state soybean organizations, comes as guidance and implementation of the Clean Fuel Production Credit (45Z) continues to be delayed by the Treasury Department. |
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