Valadao’s bipartisan bill would extend tax credits for biodiesel, renewable fuel production

In an effort to reduce greenhouse gas emissions and mitigate the impacts of climate change, U.S. Rep. David Valadao (R-CA) on May 17 cosponsored a bipartisan bill that would extend tax credits for producing biodiesel and renewable fuel mixtures.

“Renewable fuels are an important component of our transportation fuel supply, achieving immediate reductions in transportation sector greenhouse gas emissions,” Rep. Valadao said. “While we propose to phase out the credits over time, they are still critically needed today to make the production of these renewable fuels economically viable and to encourage continued innovation.”

Rep. Valadao introduced the Biodiesel, Renewable Diesel and Alternative Fuels Extension Act of 2021, H.R. 3272, with bill sponsor U.S. Rep. Jim Costa (D-CA), which aims to provide economic relief for producers, fuel retailers, truckers, and consumers as they plan and adjust to future regulations by extending tax credits to Dec. 31, 2025.

“Conventional refineries in my district are producing low-carbon renewable diesel from biomass and blending biodiesel in their diesel fuel,” said Rep. Valadao. “These companies provide people in my district with good jobs, and they play a critical role in ensuring that our families, truckers, farmers, and military bases have the supply of CA-compliant fuels that we need to power our economy.”

H.R. 3272 has been referred for consideration to the U.S. House Ways and Means Committee.