Tax Incentives
President Signs Bill Containing Biodiesel Tax Incentive
October 22, 2004 – President George W. Bush today signed into law a bill containing the first biodiesel tax incentive, a provision that is expected to increase domestic energy security, reduce pollution and stimulate the economy. The American Soybean Association (ASA), the National Biodiesel Board (NBB) and biodiesel enthusiasts commended Washington leaders for passing the biodiesel tax incentive and extending the ethanol tax incentive as part of H.R. 4520, also known as the American JOBS Creation Act of 2004.
