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IRFA urges Iowa delegates to reinstate biodiesel tax initiative

Friday, December 7, 2012

The Iowa Renewable Fuels Association (IRFA) Nov. 28 sent letters to all members of the Iowa Congressional delegation urging them to level the energy playing field and reinstate the biodiesel tax incentive.

The letters stated: "The biodiesel industry's recent progress is to be applauded, particularly in such a weak economy, but it should not cloud the fact that biodiesel remains a young and vulnerable industry. As the petroleum industry fights to preserve the tax advantages it has enjoyed continuously for the past century, the biodiesel industry has seen its growth stall since the tax incentive expired on Dec. 31, 2011. As a result, U.S. biodiesel production will likely be down from last year and the growth in Iowa biodiesel production will likely be less than expected."

The IRFA sent letters to Senators Tom Harkin and Charles Grassley, and Representatives Dave Loebsack, Leonard Boswell, Steve King and Tom Latham.