# Legislation to extend biodiesel tax credit introduced | Iowa Agribusiness Radio Network

> Rep. Mike Thompson introduced a bill on June 18 to extend the biodiesel tax credit for three years, though retroactive provisions mean it would only run through 2020. Iowa Soybean Association representatives say industry needs certainty to invest in infrastructure.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A renewed biodiesel credit supports domestic soybean oil demand and crush margins, which would lift soy oil prices and leave more meal supply. Passage is still uncertain, so the price effect is modest for now.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-12-19 | [Biodiesel hoping for tax credit to continue growth - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/61465-biodiesel-hoping-for-tax-credit-to-continue-growth-iowa-agribusiness-radio.md) | -3.7% | +1.3% |
| SBO | 2019-04-05 | [Legislation introduced to make biodiesel tax credit permanent](https://feedsoft.ai/events/59467-legislation-introduced-to-make-biodiesel-tax-credit-permanent.md) | -0.8% | -7.3% |
| SBO | 2019-02-15 | [Iowa Soybean joins Congressional delegation calling for biodiesel tax credit \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/60469-iowa-soybean-joins-congressional-delegation-calling-for-biodiesel-tax-credit.md) | +2.1% | -1.5% |
| SBO | 2019-05-23 | [US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine](https://feedsoft.ai/events/58977-us-ag-industry-calls-on-congress-to-extend-biodiesel-tax-credit-biofuels.md) | +1.7% | +4.7% |
| SBO | 2017-04-26 | [ASA Applauds Introduction of Biodiesel Tax Credit Reform, Extension Act - American Soybean Association](https://feedsoft.ai/events/71380-asa-applauds-introduction-of-biodiesel-tax-credit-reform-extension-act-american.md) | +2.4% | +2.4% |
| SBM | 2021-10-27 | [Dramatic expansion in renewable diesel production could pose challenge to some biodiesel producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44391-dramatic-expansion-in-renewable-diesel-production-could-pose-challenge-to-some.md) | +2.7% | +8.4% |
| SBM | 2025-08-01 | [Argentina Announced a Permanent Reduction in Export Taxes; and more news about Latin American agriculture](https://feedsoft.ai/events/13840-argentina-announced-a-permanent-reduction-in-export-taxes-and-more-news-about.md) | +3.3% | +8.6% |
| SBM | 2018-11-03 | [Agri-business boom lifts economy, amid tax ire \| Buenos Aires Times](https://feedsoft.ai/events/61888-agri-business-boom-lifts-economy-amid-tax-ire-buenos-aires-times.md) | -1.7% | +0.4% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/legislation-to-extend-biodiesel-tax-credit-introduced/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.