IRS Releases Guidance on Retroactive Biodiesel Tax Claims
The Internal Revenue Service has issued guidance on how to claim biofuel tax incentives that were retroactively reinstated by Congress through 2012.
02-11-2013
House Bill Would Eliminate Energy Tax Credits
U.S. Rep. Mike Pompeo (R-Kan.) has reintroduced legislation that would repeal numerous energy tax subsidies, including the cellulosic biofuel producer credit, the biodiesel and renewable diesel tax credit, the wind production tax credit and the enhanced oil recovery credit.
01-21-2013
Oil Industry Group Seeks Cellulosic Biofuel Waiver
The American Fuel & Petrochemical Manufacturers (AFPM) has petitioned the Environmental Protection Agency (EPA) to waive the 2012 cellulosic biofuel mandate in the renewable fuel standard (RFS), citing a lack of domestic supply available for domestic use.
01-07-2013
“Fiscal Cliff” Legislation Includes Biodiesel Tax Credit
The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation. The legislation includes extensions of some energy tax credits that are important to NATSO members.
01-02-2013
New Session Added To The NATSO Show on Biodiesel
The NATSO Show will include a session on how to make biodiesel profitable at your travel plaza.
12-17-2012
Debate Over E15, Renewable Fuels Continues
AAA’s call for a halt in the sale of gasoline containing 15 percent ethanol has sparked debate. The American Petroleum Industry released a point-by-point analysis of the Renewable Fuels Association’s statement about AAA’s position.
12-10-2012
EPA Inspector General Investigates Renewable Fuel Credit Trading Program
EPA Inspector General has launched an investigation to examine EPA’s role in managing the renewable fuels credit trading program, which has been plagued by fraud.
12-03-2012
API Sues EPA Over Biodiesel Mandate
The American Petroleum Institute has filed a lawsuit against the Environmental Protection Agency’s biodiesel mandate.
12-03-2012
NATSO, PMAA Urge Congress to Extend the Biodiesel Blender’s Tax Credit
NATSO and PMAA sent a letter to Congressional leadership and to tax writing committees urging them to include an extension of the one-dollar-per-gallon biodiesel blender’s tax credit to the tax extenders package currently being discussed among lawmakers.
12-03-2012
Refiners Ask EPA to Reconsider Biodiesel Volume Mandate
Last week U.S. refiners asked the Environmental Protection Agency (EPA) to reconsider its earlier rule boosting the volume of biodiesel to be produced in 2013 as part of the Renewable Fuels Standard.
11-26-2012
EPA Issues Draft Proposal To Ensure RIN Authenticity
EPA released a draft proposal last week designed to ensure that RINs are authentic.
11-05-2012