NATSO Applauds President and Congress for Renewing the Biodiesel Blenders Tax Credit
Alexandria, Va. — NATSO, representing America's travel plazas and truckstops, on Dec. 20 applauded Congress for passing and President Trump for signing legislation that would retroactively renew the $1 per-gallon biodiesel blenders tax credit and extend it through 2022. Reinstatement of the biodiesel tax credit immediately incentivizes fuel retailers to once again begin buying and blending biofuels after years of market uncertainty. It is an enormous victory for not only the travel center industry, but also for the environment and America's truck drivers and consumers.
Such policy achievements are only possible when a diverse group of lawmakers, representing both parties, various geographic regions and demographic constituencies, work together to achieve mutually compatible objectives. It is reassuring to see that policymakers can still work together to make progress for American communities and businesses.
Specifically, NATSO would like to thank Representatives Abby Finkenauer (D-IA), Kendra Horn (D-OK), and Ron Kind (D-WI) for leading the charge among House Democrats, without whom the biodiesel tax credit would not have been extended. NATSO also thanks Representatives Dave Loebsack (D-IA), Terri Sewell (D-AL), Anthony Brindisi (D-NY) and House Ways and Means Committee Chairman Richard Neal (D-MA) for their strong support to get this policy extended. Republican lawmakers Darin LaHood (R-IL), Adrian Smith (R-NE), Kevin Hern (R-OK), and George Holding (R-NC) were also critical allies in this effort.
In the Senate, Iowa Republican Senators Joni Ernst and Finance Committee Chairman Chuck Grassley — the "Architect" of the biodiesel tax credit — were essential to extending this policy. Senators Rob Portman (R-OH) and Maria Cantwell (D-WA) were also strong allies in this effort.
We look forward to continuing to work with our members and allies in Congress to improve the business conditions for travel center operators and their customers and communities.
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