U.S. Rep. Mike Pompeo (R-Kan.) has reintroduced legislation that would repeal numerous energy tax subsidies, including the cellulosic biofuel producer credit, the biodiesel and renewable diesel tax credit, the wind production tax credit and the enhanced oil recovery credit.
If passed, the $1-per gallon biodiesel blenders credit that was recently reinstated would be repealed.
It is unclear how much traction this legislation will gain in the House Representative as Congress just recently reaffirmed many of these programs as part of the "Fiscal Cliff" tax legislation that passed on New Year's Day. However, NATSO will be closely monitoring and opposing any consideration of the bill. Pompeo introduced a similar bill in November 2011, but the bill languished in committee.
 |
This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry. If you aren't reading NNW, you are missing out. Not a member? Join today or submit a request to receive additional information. If you are a member and not receiving NNW, submit a request to be added to the email list. |
Subscribe to Updates
NATSO provides a breadth of information created to strengthen travel plazas’ ability to meet the needs of the travelling public in an age of disruption. This includes knowledge filled blog posts, articles and publications. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest.
