Items Tagged with 'biodiesel tax credit'

Producers of biodiesel and renewable diesel who say federal biofuel mandates have not been enough to expand their markets sufficiently face a new challenge at the end of the year — the expiration of a $1-a-gallon tax subsidy that has helped maintain the industry for several years.

The key committee provisions in the $3.5 trillion reconciliation package show that Democrats in Congress are in line with President Joe Biden’s vision to put electric vehicles — not biofuels — at the forefront of the fight against climate change.

The $2 trillion Phase 3 stimulus package that passed the Senate late Wednesday night has a lot for ag, but not everyone thinks the sector is getting what will be needed for 2020. Starting with USDA.

A pair of fiscal 2020 spending packages that will boost farm disaster relief, extend the biodiesel tax subsidy and bolster ag inspections at ports and airports easily cleared Congress on Thursday.