STREATOR, Ill. (DTN) -- The U.S. House of Representatives passed a bill Wednesday that included an extension of the $1-per-gallon biodiesel blenders credit.
The House passed HR 5771 late Wednesday (12/3), the “Tax Increase Prevention Act,” 378 to 46 and sent it on to the Senate for consideration. The credit, which expired Dec. 31, 2013, extends the biodiesel tax credit through the end of this year.
If the Senate passes the $45 billion bill, it is expected to be signed by the president.
The bill, which extends more than 50 federal tax breaks including the biodiesel blenders credit, was acted ...