# Congress to extend biodiesel tax incentive

> The National Biodiesel Board and stakeholders sent a letter to House leaders asking for a multiyear extension of the biodiesel and renewable diesel tax incentive. The credit was retroactively extended for 2017 but has lapsed for 2018 and beyond.

- Date: 2019-03-26 · published 2019-03-26T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/59976-congress-to-extend-biodiesel-tax-incentive
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Uncertainty over the tax credit is curtailing investment and prompting some producers to cut raw material purchases, which reduces soybean oil demand. Renewal would support feedstock demand.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-03-27 | [National Biodiesel Board urges Congress to extend biodiesel tax incentive - Biofuels International Magazine](https://feedsoft.ai/events/59978-national-biodiesel-board-urges-congress-to-extend-biodiesel-tax-incentive.md) | +1.1% | -2.5% |
| 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 | 2018-10-11 | [ASA pushes for extension of biodiesel tax incentive - American Soybean Association](https://feedsoft.ai/events/62412-asa-pushes-for-extension-of-biodiesel-tax-incentive-american-soybean-association.md) | +3.2% | -1.6% |
| SBO | 2020-06-28 | [Biofuel groups urge Congress to extend tax biofuel credits - Governors' Biofuels Coalition](https://feedsoft.ai/events/52479-biofuel-groups-urge-congress-to-extend-tax-biofuel-credits-governors-biofuels.md) | +4.5% | +8.8% |
| SBO | 2021-10-28 | [Biodiesel is booming, thanks to environmental incentives : NPR](https://feedsoft.ai/events/44394-biodiesel-is-booming-thanks-to-environmental-incentives-npr.md) | -1.6% | -3.8% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/congress-asked-to-extend-biodiesel-tax-incentive

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