On the recordJune 19, 2019
I urge my colleagues to pass the Biodiesel Tax Credit Extension Act of 2019 so that Hoosier biodiesel producers and farmers can operate with some certainty. Biodiesel is a big market for soybeans in my district. Biodiesel companies and their employees are facing an uncertain future because the biodiesel tax incentive has been expired for 15 months. The economic pressure is threatening the future of the industry, putting good-paying jobs and production of domestic fuel at stake. It is adding economic pressure to farmers, especially in our home State of Indiana, who are already being hit hard by unfavorable weather conditions. If enacted, this bill will provide agriculture economy certainty and relief for 2018 and 2019. The fact that it has expired has put the brakes on the development of new biodiesel plants, and it has curtailed biodiesel production. The biodiesel tax incentive helps Hoosier producers and farmers continue to invest in our future for growth, creating jobs and economic opportunity. Reinvesting in infrastructure
Source
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