Senate Finance Committee

05-26-2021 by NATSO Foundation Senate Finance Committee Considers Clean Energy for America Act Today

The Senate Finance Committee will meet today to consider an ambitious clean energy tax overhaul proposal that could be incorporated into a broader infrastructure bill should one materialize. The bill, if enacted, would consolidate 40 energy tax incentive provisions into three groups of emissions-based, technology neutral provisions, and eliminate a number of fossil-fuel related provisions, among other things.

05-26-2021

05-17-2021 by NATSO Foundation Senate Republicans to Deliver Revised Infrastructure Package

Senate Republicans are set to deliver a revised offer of a package that includes roads, public transportation and airports to the White House as early as May 17. President Biden in a meeting last week indicated that he would be willing to divide his $2.3 trillion American Jobs Plan into separate bills in order to gain bipartisan support.

05-17-2021

03-01-2019 by NATSO Sens. Grassley, Wyden Introduce Tax Extenders Legislation

U.S. Senate Finance Committee leaders on Feb. 28 introduced legislation to extend the biodiesel tax credit and a variety of other tax provisions that expired in 2017. The legislation provides for a two-year extension covering activities (i.e., biodiesel blending) that occurred in 2018 and 2019.

03-01-2019

11-15-2017 by NATSO SIGMA Supports Biodiesel Blenders’ Tax Credit; Prefers No Credit to Producers’ Credit

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

11-15-2017 by NATSO NACS Joins SIGMA in Telling Senate Finance It Prefers No Biodiesel Tax Credit to Producers’ Credit

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

11-03-2017 by NATSO House Republicans Introduce Tax Reform Measure

The House Ways and Means Committee on Nov. 2 released the Tax Cuts and Jobs Act to overhaul major aspects of the U.S. Tax system. The bill will be the subject of Committee consideration next week, kicking off formal tax committee action on the first such overhaul of the U.S. tax system in more than 30 years. Senate Finance Committee Chairman Orrin Hatch (R-UT) announced that he plans to release a Senate Republican version of a tax reform bill after the Ways and Means Committee completes its work, as soon as November 9. The Senate Finance Committee could consider its own plan at the same time the full House votes on its plan in an effort to make as much progress as possible on the legislation prior to Thanksgiving.

11-03-2017

07-22-2015 by NATSO Senate Committee Advances Tax Extenders, Shifts Biodiesel Tax Credit Upstream

The Senate Finance Committee on July 21 voted 23-3 to extend a $95.2 billion package of individual and business tax provisions known as tax extenders through 2016, including a modified version of the $1 per-gallon biodiesel tax credit.

07-22-2015

04-16-2015 by NATSO NATSO Responds to Finance Committee Call for Tax Reform Input

NATSO filed comments April 15 with the Senate Finance Committee in response to the committee’s call for stakeholder and public input on how best to overhaul the nation’s tax code.

04-16-2015

03-13-2015 by NATSO ARTBA Proposes Fuel Tax Increase With Rebates

The American Road and Transportation Builders Association on March 12 proposed that Congress increase the federal gasoline and diesel motor fuels tax by 15 cents per gallon and offset the cost with a federal tax rebate for low and middle income families as a means of funding long-term surface transportation.

Tax Reform

03-13-2015

06-27-2014 by NATSO Senate Panel Postpones Vote on Trust Fund Bill

Leaders of the Senate Finance Committee said June 26 they will meet the week of July 7 to consider a short-term patch to the dwindling Highway Trust Fund, which will fall below its required $4 billion in July.

06-27-2014