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ADA isses action alert
Published Thursday, December 24, 2009 at 10:18 AM
The American Soybean Association has issued an “Action Alert” - urging its members and supporters to - continue pressing your Senators for quick action to extend the biodiesel tax incentive as soon as Congress returns in the new year. The biodiesel tax credit will lapse at the end of 2009 and, according to ASA, - will deal a severe blow to the U.S. biodiesel industry.

While legislation to extend the biodiesel tax incentive and other expiring tax provisions passed the House of Representatives, the Senate's singular focus on health care legislation prevented action on a tax extenders package.

ASA officials say they will - continue to work to reinstate the credit retroactively in 2010. ASA, state soybean associations, and the biodiesel industry will press for quick action - the sooner that Congress returns and enacts the tax credit, the better chance that biodiesel producers will have to return to operation.

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