Thursday, December 16, 2010

Could it be the return of the biodiesel credit?

Wow! It looks our congress might have a change of heart on the biodiesel credit. In the article below, you can read that it may be considered for renewal, along with a pile of tax cuts. I'm not sure how I feel about renewing some of the tax cuts personally, but it sure would be nice for some biodiesel plants in the country to open back up for business.

http://www.biodieselmagazine.com/article.jsp?article_id=4581

UPDATE: I just read that the bill, officially called the Tax
Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, passed in the Senate. It is now up to the House to approve the bill and send it on to the President. Here is the press release from Big Biodiesel.

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