Tax credit boosts biodiesel
Renewal of the biodiesel tax credit late last year provided an immediate boost to balance sheets at production facilities across Iowa and the United States, says Western Iowa Energy General Manager Brad Wilson.
“It instantly helps out your balance sheet, and it helps your potential future balance sheet issues like capital expenditures and things like that,” said Wilson, who also serves as chairman of the Iowa Biodiesel Board. "It allows us to do some capital expenditures that before we would have been pulling back on because we didn’t know what the future holds.”
Congress extended the $1 per gallon biodiesel tax credit, which expired in 2017, for five years retroactive to 2018 through 2022. The bill also extended a tax credit...
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