Tax Credit for Biodiesel Extended

Full House approves bill for biodiesel.

Following last Thursday's vote of approval by the

House Ways
and Means Committee, the full House voted Wednesday to pass House Resolution 6049. H.R. 6049 extends the biodiesel tax credit through December 2009 and contains several other biodiesel provisions.

"The House approval is an important step in allowing the U.S. biodiesel industry to continue to grow America's energy security with cleaner-burning domestically produced biodiesel," says Joe Jobe, CEO of the National Biodiesel Board. "Biodiesel is a new green industry that supports over twenty thousand jobs and added over four billion dollars to the U.S. economy last year. The extension of this incentive is an important investment in America's long-term energy future."

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