Biodiesel Update: Tax Credit and RFS Volume Numbers

NATSO is continuing its outreach to policymakers on Capitol Hill and the Administration regarding biodiesel policy.  
 
In Congress, lawmakers are beginning to seriously consider tax extenders legislation, including the biodiesel tax credit. Certain Members of Congress, led by Senator Chuck Grassley (R-Iowa) and Rep. Kristi Noem (R-S.D.), are advocating converting the biodiesel credit to a producers credit beginning in 2016. 
 
NATSO continues to actively oppose this effort, working with a diverse coalition to send a letter to tax policymakers outlining the virtues of a blenders credit and the downsides of a producer credit.
 
Additionally, NATSO met last week with the White House Office of Management and Budget (OMB) to discuss the forthcoming Renewable Fuel Standard (RFS) biodiesel volume obligations for 2014-2017.
 
NATSO reiterated the points it made in its comments to EPA on this topic,  which said that EPA faces a delicate balance with respect to biodiesel: On the one hand, increasing mandates under the RFS can enable NATSO members to sell the product to consumers and lower prices and thereby increase consumer demand for biodiesel; at the same time, if RVOs are set too high, it could lead to increased prices for diesel fuel, which would have an adverse effect on NATSO members and the U.S. economy as a whole. 
 
EPA is legally required to finalize the volume obligations by Nov. 30, 2015. NATSO anticipates that the rulemaking will be released in coming days. 
David Fialkov's photo

David Fialkov

David Fialkov is the Vice President of Government Relations, as well as the Legislative and Regulatory Counsel, at NATSO. In this capacity, Mr. Fialkov direct's NATSO's legislative, regulatory, and legal strategy on a range of issues, including transportation, energy and fuels, labor, data security, and taxes. Mr. Fialkov also oversees NATSO's political engagement program, including individualized legal and political counsel to member companies. Prior to joining NATSO, Mr. Fialkov was the senior associate in the Government Affairs and Public Policy practice at the law firm of Steptoe and Johnson in Washington, D.C. At Steptoe, Mr. Fialkov advised clients on legislative, regulatory, and political issues, as well as legal concerns. His primary clients included trade associations representing the motor fuel wholesale and retail industries, including the National Association of Convenience Stores and the Society of Independent Gasoline Marketers of America. Mr. Fialkov's focus was not only on the motor fuels business, but also the litany of other issues that retailers confront, including labor matters, foodservice issues, healthcare and employment issues, tax matters and data security. Prior to joining Steptoe, Mr. Fialkov graduated with honors from George Washington University Law School. He received his B.S. Summa cum laude with highest honors from Clark University in Worcester, MA. He lives in Washington, D.C. with his wife Allison and daughter Lilah. More

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