Company News, Regulations

ACI Praises Stop Animal Fat Tax Credit Act

H.R. 1866 would impact the soap and detergent industry.

Legislation introduced by U.S. Rep. Randy Weber (R-TX) would permanently put a stop to federal tax credits for biofuels produced with animal fats, according to the American Cleaning Institute (ACI).   ACI, the trade association for the cleaning product supply chain, says the bill (H.R. 1866, the “Animal Fat Tax Act”) would prevent the renewal of tax credits for biodiesel and renewable diesel that is produced from animal fats, which until the end of 2016 were eligible for a $1 per gallon tax cr...

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