The National Biodiesel Board (NBB) released a new report on the “Importance of the Biodiesel Tax Credit” that highlights how uncertainty regarding extension of the biodiesel tax credit significantly increases business risks for biodiesel producers.
The report was written by John Urbanchuk, managing partner of ABF Economics. “The current uncertainty surrounding reinstatement and retroactivity of the tax credit is a significant disincentive for the U.S. biodiesel industry (blenders and producers) and has constrained industry expansion. Absence of a tax credit and uncertainty is one major reason the industry is operating at only 70 percent of industry production capacity,” according to the report.
Urbanchuk participated in a conference call with NBB CEO Donnell Rehagen and Vice President of Federal Affairs Kurt Kovarik to share results of the report.
NBB call on importance of biodiesel tax credit