# National Biodiesel Board urges Congress to extend biodiesel tax incentive - Biofuels International Magazine

> The National Biodiesel Board and its stakeholders urged Congress to prioritize a multiyear extension of the biodiesel and renewable diesel tax incentive. The letter says the credit has been expired for 15 months and that the uncertainty is curbing plant investment.

- Date: 2019-03-27 · published 2019-03-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/59978-national-biodiesel-board-urges-congress-to-extend-biodiesel-tax-incentive
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lapsed tax incentives reduce biodiesel production incentives and raw material purchases, weakening demand for soybean oil. A multiyear extension would support future feedstock demand.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-03-26 | [Congress to extend biodiesel tax incentive](https://feedsoft.ai/events/59976-congress-to-extend-biodiesel-tax-incentive.md) | -0.9% | -2.6% |
| SBO | 2019-11-28 | [National Biodiesel Board urges EPA to account for small refinery exemptions - Biofuels International Magazine](https://feedsoft.ai/events/55927-national-biodiesel-board-urges-epa-to-account-for-small-refinery-exemptions.md) | -0.3% | +14.4% |
| SBO | 2020-12-23 | [Brazil’s biodiesel blend rises to 13% in March - Biofuels International Magazine](https://feedsoft.ai/events/49519-brazil-s-biodiesel-blend-rises-to-13-in-march-biofuels-international-magazine.md) | +5.2% | +4.8% |
| SBO | 2018-10-04 | [NBB thanks bipartisan support for biodiesel tax extension - Biofuels International Magazine](https://feedsoft.ai/events/62415-nbb-thanks-bipartisan-support-for-biodiesel-tax-extension-biofuels.md) | -2.9% | -5.1% |

## Sources

- biofuels-news.com: https://biofuels-news.com/news/national-biodiesel-board-urges-congress-to-extend-biodiesel-tax-incentive/

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