Lincoln, Coleman introduce bill to extend tax incentive to 2017

By | April 06, 2007
U.S. Sens. Blanche Lincoln, D-Ark., and Norm Coleman, R-Minn., introduced legislation in March to extend the federal excise tax credit and income tax credit for biodiesel to 2017. If adopted, the legislation would continue the era of growth in the biodiesel industry that similar Lincoln-sponsored legislation launched when the American JOBS Creation Act became law in 2004.

"Our American agricultural producers and domestic companies have demonstrated their commitment to energy independence through the production of renewable fuels like biodiesel," Lincoln said. "It's time for Congress to follow its initial work and make the necessary investment for continued progress and development. I look forward to working with advocates of alternative energy sources, like the National Biodiesel Board, toward our shared goal of promoting greater production of renewable fuels."
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