releases: https://davidyoung.house.gov/media-center/press-releases/young-leads-restoring-biodiesel-tax-credit
Data license: MIT · Data source: dwillis/congress-press
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| https://davidyoung.house.gov/media-center/press-releases/young-leads-restoring-biodiesel-tax-credit | Young leads on restoring biodiesel tax credit | 2017-12-11 | 2017 | 2017-12 | Republican | House | IA | David Young | Y000066 | davidyoung.house.gov | legacy | Washington, D.C. - Iowa Congressman David Young is leading the effort in the United States House of Representatives to restore the biodiesel tax credit which expired last year. Yesterday, he led a letter to the leadership of the U.S. House of Representatives and was joined by 42 of his colleagues. The letter calls on Congress to retroactively restore the credit before the end of year. "Biodiesel has been a critical partner in the growth of Iowa's economy and helps the American people move closer to the freedom of energy independence," said Congressman Young. "Restoring this policy will ensure this renewable using Iowa grown products continues to grow and support Iowa's farmers and rural communities. Congress must act to restore this common sense policy which provides certainty to this American product." Before lapsing at the end of 2016, the biodiesel tax credit lapsed in 2009, 2011, and. 2013. Each time Congress subsequently restored the credit. A digial version of the the letter is available HERE. The text of the letter follows: Dear Speaker Ryan, Leader Pelosi, Leader McCarthy and Whip Hoyer: As we near the end of the First Session of the 115th Congress, we want to thank you for your important work on strengthening the economy for the American people. One issue important to us is extending the tax credit for biodiesel, which lapsed at the end of 2016. If this issue is not addressed in the final version of the comprehensive tax relief bill, we strongly support inclusion of this extension in another legislative vehicle before the end of this calendar year. Biodiesel has been and continues to be a great success story. Economically it has helped our farmers and rural communities across the country. It has also helped broaden the diversity of our fuel sources to help us become more energy independent as a nation. This industry creates jobs and is good for the environment. This growing industry has exceeded established volume requirements despite the uncertainty created by the on-again and off-again nature of tax credit eligibility for biodiesel. This important provision continues to lapse periodically, creating investment and price uncertainty in the sector. With that in mind, we ask for a multi-year, retroactive extension that will create the certainty necessary to help this industry, and therefore our economy, continue to grow. Other energy tax credits have received this type of a multi-year treatment, such as wind and solar. We urge a similar approach for the biodiesel tax credit, which will provide industry the certainty necessary to continue moving toward self-sustenance. We look forward to working with you in the coming weeks to resolve this issue of great importance to us and our constituents. # # # | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |