Governor Jim Pillen has signed into law legislation promoting the sale and use of biodiesel in Nebraska.
The bill, LB 727, provides retail tax incentives for the sale of biodiesel at fuel retailer locations throughout the state adding value to Nebraska soybean farmers while promoting continued growth of the burgeoning renewable fuel industry.
Part of an omnibus revenue bill, the Nebraska Biodiesel Tax Credit Act, provides a 14 cent per gallon credit for the sale of biodiesel.
“We applaud Gov. Pillen for signing legislation that will continue to strengthen the momentum of a growing biodiesel market,” said Donnell Rehagen, CEO for Clean Fuels Alliance America.
“Nebraska has responded to the call to decarbonise through this forward-thinking legislation that promotes the production and use of biodiesel, a homegrown fuel from homegrown feedstocks.”
“This legislation recognizes the impact biodiesel has on the demand for soybean oil,” said Courtney Lawrenson, Clean Fuels Alliance America governing board member and AGP vice-president of oils and energy.
“AGP has long recognised the steady growth of the soybean processing industry with plans to expand feedstock production capacity in David City and applauds lawmakers for solidifying Nebraska’s leadership role in the industry.”
Nebraska is a leader in soybean production – among the top six soybean producing states.
“Passing the Biodiesel Tax Credit Act is a win for Nebraska producers and consumers,” said Lori Luebbe, executive director for the Nebraska Soybean Association.
