Source: American Soybean Association

The American Soybean Association (ASA) is extremely disappointed and frustrated with the U.S. Senate for its inability to extend the Biodiesel Tax Incentive that expired on Dec. 31, 2009.

The Senate voted 41-58 against a motion to suspend the rules and accept an amendment offered by Senator Charles Grassley (R-Iowa) to enact a retroactive extension of the biodiesel tax credit. Senate Majority Leader Harry Reid (D-Nevada) announced Wednesday night that the U.S. Senate would consider a motion to suspend the rules on the amendment to the Small Business Bill filed by Senator Grassley to retroactively extend the biodiesel tax incentive through 2010. 

Original news release