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Biodiesel Tax Credit Would Get Retroactive Renewal Under Deal

  • Wind energy, beer and railroads also see tax breaks extended
  • Package to be attached to spending bills, must pass by Dec. 20
Biodiesel storage

Photographer: Diego Giudice/Bloomberg

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Tax incentives for biodiesel, alcoholic beverages and short-line railroads would be retroactively extended under a compromise unveiled by congressional leaders early Tuesday.

Those measures were included in a broader tax package the leaders are seeking to attach to a government spending bill. To keep the government running, both the House and Senate must pass that legislation by Friday, when federal funding is set to lapse.