NATSO Urges Congress to Immediately Reinstate Biodiesel Blenders’ Tax Credit
NATSO and a coalition of fuel retailers, distributors, trucking fleets and consumers, urged Congress to immediately reinstate the Biodiesel Blenders’ Tax Credit under Section 40A of the Internal Revenue Code, saying it represents one of the fastest and most direct tools available to provide meaningful relief to consumers and businesses amid rising fuel prices and supply volatility.
In a March 26 letter sent to House and Senate Leadership and Congress, NATSO urged Congress to act without delay to reinstate Section 40A Biodiesel Blenders’ Tax Credit as geopolitical instability in the Middle East has introduced uncertainty into global oil markets, placing upward pressure on diesel and heating oil prices.
“The Biodiesel Blenders’ Tax Credit under Section 40A is a proven, market-tested mechanism that materially reduces diesel costs,” NATSO and its industry allies wrote. “Unlike policy interventions that take months or years to materialize, the 40A credit works quickly — lowering costs at the point of blending and passing savings directly through to truck drivers and the broader marketplace. For fleets, independent truckers and commercial operators purchasing diesel at the pump, this translates into immediate, tangible relief.”
At a time when the Trump Administration is focused on reducing costs for American families and strengthening domestic energy supply chains, reinstating the 40A credit is entirely consistent with those goals.
NATSO was joined in signing the letter by the American Trucking Associations, Energy Marketers of America (EMA); National Association of Convenience Stores (NACS); National Energy & Fuels Institute (NEFI); SIGMA: America’s Leading Fuel Marketers; and the Truckload Carriers Association (TCA).
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