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NATSO, Others Urge Congress to Renew Tax Extenders

November 15, 2018

NATSO, Others Urge Congress to Renew Tax Extenders

NATSO joined nearly 60 organizations representing a variety of business, energy, transportation, and agriculture stakeholders in urging Congress to renew expired tax incentives through the end of 2019 before the 115th Congress adjourns.

Congress Passes Tax Extenders Legislation, Including Biodiesel Blenders Credit

December 18, 2015

Congress Passes Tax Extenders Legislation, Including Biodiesel Blenders Credit

Congress passed a tax extenders package that contains a clean, two-year extension of the biodiesel blenders credit (retroactive to Jan. 1, 2015). This is a significant victory for NATSO and the fuel marketing community. After months of intense advocacy efforts opposing a shift from a blender credit to a producer credit, Congress ultimately agreed with NATSO that a blenders credit is better for consumers and the best way to encourage domestic consumption of biodiesel.

Senate Committee Advances Tax Extenders, Shifts Biodiesel Tax Credit Upstream

July 22, 2015

Senate Committee Advances Tax Extenders, Shifts Biodiesel Tax Credit Upstream

The Senate Finance Committee on July 21 voted 23-3 to extend a $95.2 billion package of individual and business tax provisions known as tax extenders through 2016, including a modified version of the $1 per-gallon biodiesel tax credit.

House Passes Tax Extenders, Senate Vote Imminent

December 4, 2014

House Passes Tax Extenders, Senate Vote Imminent

The U.S. House of Representatives late Dec. 3 approved a one-year renewal of more than 50 tax breaks, including the $1 per-gallon biodiesel tax credit.

Tax Extenders Legislation Faces Uncertain Fate

November 26, 2014

Tax Extenders Legislation Faces Uncertain Fate

Despite reports that a bill renewing a series of expired tax credits is nearing completion, tax extenders legislation is becoming more controversial on Capitol Hill, threatening its chances of passing this year.

NATSO Urges Quick Action on Tax Extenders

November 14, 2014

NATSO Urges Quick Action on Tax Extenders

NATSO and a group of associations representing the nation's fuel retailers are urging Congress to act quickly on a tax extenders package, with particular support for a retroactive extension of the $1-per-gallon biodiesel tax credit.

November 7, 2014

Tax Extenders Package Expected in Lame Duck

When Congress returns to Capitol Hill on Nov. 12 for the lame duck session, Republicans and Democrats are expected to discuss several issues of importance to NATSO members, one of which could be a tax extenders package.

House Democrats Introduce Legislation to Extend Biodiesel, Alternative Energy Tax Credits

September 26, 2014

House Democrats Introduce Legislation to Extend Biodiesel, Alternative Energy Tax Credits

Representatives Earl Blumenauer (D-Ore.) and Dave Loebsack (D-Iowa) introduced legislation Sept. 19 that would extend expiring alternative energy-related tax incentives, including the $1 per-gallon biodiesel tax credit.

House Passes Pair of Tax Break Bills

June 13, 2014

House Passes Pair of Tax Break Bills

The U.S. House of Representatives on June 12 passed a pair of bills that would make two tax breaks for small businesses permanent, including the expiring section 179 expensing provision.

Senate Committee Moves Tax Package, Includes Biodiesel Credit Extension

April 4, 2014

Senate Committee Moves Tax Package, Includes Biodiesel Credit Extension

The Senate Finance Committee approved legislation on April 3 to extend tax credit provisions that expired at the end of 2013. Notable to fuel marketers was the inclusion of a two-year extension of the $1 per gallon biodiesel tax credit. NATSO has communicated extensively with the committee over the last several months supporting the provision.