Congress yesterday passed and President Trump signed legislation providing for a retroactive biodiesel blenders’ tax credit for 2017, leaving the credit’s status in 2018 and beyond uncertain. The measure was included as part of a larger budget package that will keep the federal government funded for the foreseeable future.
02-09-2018 NATSO joined nearly 60 organizations representing a variety of business, energy, transportation, and agriculture stakeholders in urging Congress to approve a seamless, multi-year extension of the tax extenders before the end of 2017.
12-20-2017 NATSO on Dec. 18 along with all major associations representing the biodiesel supply chain signed a letter urging leaders of the House Committee on Ways and Means and the Senate Finance Committee to include a retroactive, multi-year extension of the biodiesel tax incentive in end of year legislation.
12-19-2017 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.
11-28-2017 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.
11-15-2017 The National Association of Convenience Stores (NACS) marked the second association in as many days to publicly express that although it supports the biodiesel blender’s tax credit it would prefer no credit rather than have it converted to a producer’s credit.
11-15-2017 NATSO on Oct. 19 filed comments with the Environmental Protection Agency (EPA) in response to the agency’s request for input on reducing renewable fuel mandates. Specifically, EPA has suggested that it is considering reducing annual renewable volume obligations (RVOs) by tying them to domestic renewable fuel production capacity, rather than the market’s ability to consume renewable fuel. NATSO, in its comments, told EPA that this policy shift would undercut the purpose of the RFS and ultimately lead to higher fuel prices for consumers.
10-20-2017 The Environmental Protection Agency (EPA) on Sept. 26 announced that it was seeking public comment on a new approach to establishing renewable fuel mandates under the Renewable Fuel Standard (RFS): Only considering domestic production capacity. If EPA ultimately adopts this new approach, it will substantially lower retailers’ incentives to incorporate renewable fuels into their fuel supply. NATSO opposes this policy shift, and in comments it will file with the Agency will urge EPA to recognize that there is a global market for renewable fuels, such as biodiesel, and that the RFS should accommodate fuels regardless of where they are produced.
09-27-2017 Representatives Diane Black (R-Tenn) and Ron Kind (D-Wisc.) late yesterday introduced bipartisan legislation titled the Biodiesel, Renewable Diesel, and Alternative Fuels Extension Act of 2017 (H.R. 3264) that would extend the biodiesel blenders’ tax credit and ultimately phase it out over five years.
07-18-2017 With Members of Congress back in their districts for the remainder of the year, it is clear that the biodiesel tax credit will not be extended before Jan. 1. Although […]
12-19-2016 NATSO on Sept. 16 applauded Rep. Diane Black (R-Tenn.) for introducing legislation that would extend the biodiesel blenders’ tax credit for two years through 2018.
09-16-2016