NATSO, Along With SIGMA And Organizations Representing Convenience Stores And Trucking Fleets, Urged Lawmakers To Extend The $1 Per Gallon Biodiesel Tax Credit
Added on: September 19, 2021
NATSO, along with SIGMA and organizations representing convenience stores and trucking fleets, urged lawmakers to extend the $1 per gallon biodiesel tax credit in the upcoming budget reconciliation package and ensure tax parity for any new credits awarded for transportation fuels that compete for the same feedstocks. In a letter to House and Senate Leadership, the organizations specifically warned that more favorable tax treatment to other transportation fuels, such as sustainable aviation fuel (SAF), would increase diesel prices as well as carbon emissions, since SAF production is a less efficient process than renewable diesel and biodiesel production. The letter also was sent to the Chairman and Ranking Members of the House Committee on Ways and Means and the Senate Finance Committee. Signatories included the National Association of Convenience Stores, American Trucking Associations and Truckload Carriers Association.