Clean Fuels thanks Sens. Chuck Grassley and Amy Klobuchar for the bipartisan proposal to support small producers |
| WASHINGTON, DC – Today, Sens. Chuck Grassley (R-IA) and Amy Klobuchar (D-MN) introduced bipartisan legislation (S.5583) to extend availability of the Small Agri-Biodiesel Producer Credit through 2029. U.S. companies that produce up to 60 million gallons of biodiesel per year using domestic agricultural feedstocks can claim this income tax credit of $0.20 per gallon on the first 15 million gallons of production. The credit will expire on December 31 this year unless Congress adopts the extension introduced today.
Kurt Kovarik, Clean Fuels’ Vice President of Federal Affairs, stated, “Clean Fuels thanks Senators Grassley and Klobuchar for proposing to extend the Small Agri-Biodiesel Producer Credit and providing certainty for small producers in Iowa, Minnesota and across the country.
“Small biodiesel producers are making an outsized contribution to America’s energy security right now, producing lower-cost, drop-in distillate fuel that’s needed to keep the economy moving. These companies are investing in rural communities, creating and preserving jobs, and running full out to provide cleaner, better, more affordable fuel to meet today’s demand.” |
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