ASA Among Industry Groups Urging Congress to Extend Tax Credits
ASA signed on to a coalition letter this week urging action on expired tax credits—such as the biodiesel tax credit—during the 115th Congress’ lame duck session. The letter urged the House and Senate to retroactively extend the expired tax provisions, or tax extenders, which have remained lapsed since the end of 2017. Industries affected range from energy and transportation to real estate and agriculture, with the uncertain nature of the incentives’ fate potentially affecting jobs and economic growth. National Biodiesel Board (NBB) and ASA have directly advocated for the biodiesel tax credit extension to help soy farmers, truckers, blenders, and in turn, consumers. Read letter here.