With several important temporarily extended tax provisions set to expire at the end of the year, Farm Bureau is urging Congress to act soon to maintain these policies that improve the economic viability and stability of food, fiber and fuel production.
Among the Farm Bureau-backed tax bills are:

  • The Biodiesel Tax Incentive Reform and Extension Act of 2016 (H.R. 5240). This legislation would extend the $1-per-gallon tax credit for biodiesel through the end of 2019 and change the credit from a blender’s credit to a producer’s credit for fuel using U.S. commodities.
  • The Technologies for Energy Security Act (H.R. 5167). The bill would extend the 30 percent tax credit for small wind energy property through 2019. The credit would then be 26 percent for 2020 and 22 percent for 2021. It would also extend tax incentives for solar energy, fuel cells, microturbines and thermal energy.
  • The Building Rail Access for Customers and the Economy (BRACE) Act (, The bills would make permanent the 50 percent railroad track maintenance tax credit for short line and regional railroads.  

In addition, Farm Bureau will be pushing soon-to-be- introduced legislation to extend the one-year moratorium of the Health Insurance Tax (HIT) that will be in place during 2017.
Biodiesel Action Alert
Short Line Railroads Action Alert