Posts Tagged ‘Senate Finance Committee’

State Wide Tax Credits & Mandates Keeping Biofuel Alive!

Even though the federal government has not approved the biodiesel tax credit extension yet, some states have already been proactive in mandated biodiesel blend policy or state run tax credits. The states that have a mandated blend are: MN,WA,LA,MA,NM,OR & PA. Indiana and Iowa have their own state run tax incentives for biodiesel biofuel producers. Sen. Chuck Grassley of Iowa, a ranking member on the Senate Finance Committee, has said he wants to make the federal credit a priority and thinks it could be passed in February or March. The question is just how long will the biodiesel industry have to wait?

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