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Shimkus Backs Measures Promoting Biodiesel
11/18/09 @ 10:38:38 pm

Congressman John Shimkus has introduced legislation designed to ensure continued domestic production of biodiesel.

 

Shimkus says house resolution 4070 contains a tax credit for domestic producers of the fuel. The credit is a one dollar production tax credit. He also says small producers would be eligible for an additional ten cent tax credit per gallon. The current tax credit will end December 31st and may lead to potential production lapses and possible unemployment from lost work hours.

 

The new legislation will provide the tax credit for five years, and Shimkus says bioldiesel is a major alternative fuel and requires continued support of domestic production.


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