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  • Biodiesel tax credit is back

    12/22/2010 1:16:36 PM PST · by bigbob · 7 replies
    Biodiesel Magazine ^ | 12-17-10 | Luke Geiver
    By a vote of 277 to 148, the U.S. House of Representatives extended tax cuts, continued unemployment benefits and brought the year-long struggle of the biodiesel tax credit to a positive end. The biodiesel tax credit is back. On Friday, Dec. 17, President Barack Obama held a press conference to officially sign H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, into law, and with his signature, the biodiesel and renewable diesel tax credit marred in the political process for all of 2010 will be retroactively reinstated through 2011. As expected, the National Biodiesel Board...