biodiesel blenders' tax credit Articles

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International Trade Commission Moves Closer to Imposing Duties on Biodiesel Imports

December 6, 2017

International Trade Commission Moves Closer to Imposing Duties on Biodiesel Imports

The U.S. International Trade Commission on Dec. 5 made a final finding that biodiesel imports from Argentina and Indonesia harm U.S. producers. The decision, coupled with last month's final countervailing duties determination by the Department of Commerce, paves the way for final countervailing duties orders by the end of December. NATSO disagrees with the outcome, preferring free trade policies, and maintains that limiting fuel marketers' access to supply from overseas will raise retail fuel prices. The decision does, however, obviate the need for Congress to convert the biodiesel tax credit from a blender credit to a producer credit, as this change was designed to limit imports in the first place.

New England, New York Energy Groups Urge Lawmakers to Extend, Phase Out Biodiesel Blenders' Tax Credit

November 28, 2017

New England, New York Energy Groups Urge Lawmakers to Extend, Phase Out Biodiesel Blenders' Tax Credit

The New England Fuel Institute (NEFI) and the New York State Energy Coalition (NYSEC) marked the latest organizations to urge lawmakers to retroactively extend the biodiesel blenders’ tax credit and phase it out over five years. In a letter to the Senate Finance Committee, NEFI and NYSEC said that proposals to shift the biodiesel tax credit to a producers’ credit would have an immediate and adverse effect on biodiesel supplies in the Northeast, including supply disruptions and an increase in consumer prices for biodiesel blended heating oil in New England and New York.

SIGMA Supports Biodiesel Blenders' Tax Credit; Prefers No Credit to Producers' Credit

November 15, 2017

SIGMA Supports Biodiesel Blenders' Tax Credit; Prefers No Credit to Producers' Credit

The Society of Independent Gasoline Marketers of America on Nov. 14 told members of the Senate Finance Committee that although it supports the biodiesel blender’s tax credit, the association would prefer no credit rather than have it converted to a producer’s credit.

NATSO, Biodiesel Supply Chain Urge Tax-Writing Committees to Extend, Phase Out Biodiesel Tax Credit

October 31, 2017

NATSO, Biodiesel Supply Chain Urge Tax-Writing Committees to Extend, Phase Out Biodiesel Tax Credit

NATSO and a diverse group of biodiesel producers, fuel retailers and trucking interests representing every segment of the biodiesel supply chain sent a letter the Senate Finance Committee and House Ways and Means Committee on Oct. 31 in support of extending and phasing out the biodiesel blenders’ tax credit, and outlining their opposition to efforts to shift the credit to a producers’ credit as the tax-writing committees consider tax reform legislation.