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Wisconsin soybean leader hopes House biodiesel incentives advance

The President of the Wisconsin Soybean Association is optimistic new legislation will eventually extend biodiesel tax credits, and help the industry grow. 

Tony Mellenthin from Menomonie, Wisconsin is the state’s Soybean Association President.  He tells Brownfield House legislation introduced by Texas Republican Kevin Brady that would create tax incentives and certainty is moving slowly. “It’s still in the pretty-beginning stages. It’s Washington, D.C. so things move slowly to say the least, much slower than we’re used to.”

Mellinthin says the Brady bill would eliminate the year-by-year biodiesel tax incentives that are sometimes retroactive. “It starts at roughly one dollar per gallon, and at the end of the ten years, it stairsteps it down.”

Mellinthin says the bill would give the biodiesel industry long term stability and would promote investment.