Mo. Senate Finance Committee Passes Biodiesel Measures

First posted on 10-17-2007

The National Biodiesel Board (NBB) applauded the Senate Finance Committee
for approving yesterday the Heartland, Habitat, Harvest and Horticulture (4-H) Act of 2007 by a 17- to 4-
vote margin. The measure contained energy tax provisions vital to the biodiesel industry’s continued
integration into the domestic energy supply.

The 4-H Act contained an extension of biodiesel tax incentive. The federal biodiesel tax incentive
currently expires on Dec. 31, 2008. Given the important role the credit plays in helping biodiesel
compete in the marketplace with conventional diesel fuel, extension of the biodiesel tax incentive is a top
National Biodiesel Board (NBB) priority. The agriculture tax package approved by the Senate Finance
Committee extends the credit through Dec. 31, 2010. The measure also extends the Biodiesel Small
Producer Tax Credit through December 31, 2012.

“Extension of the biodiesel tax incentive is vital to our industry,” noted NBB CEO Joe Jobe. “The U.S.
biodiesel industry appreciates the Senate Finance Committee’s leadership in recognizing the valuable role
biodiesel can play in reducing our dependence on foreign oil in an environmentally friendly way.
Extending the biodiesel tax incentive as included in this bill will support the growth of a stable biodiesel
industry and allow American biodiesel producers to compete for global demand while ensuring that only
quality fuel is sold in the U.S. market.”

The NBB is the national trade association of the biodiesel industry and is the coordinating body for
biodiesel research and development in the U.S. NBB’s membership is comprised of state, national, and
international feedstock and feedstock processor organizations, biodiesel suppliers, fuel marketers and
distributors, and technology providers.

Additional information about biodiesel is available online at http://www.biodiesel.org.