Topics: Biodiesel Tax Credit

NATSO, Others Urge Congress to Approve Multi-Year Extension of Tax Extenders

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. More

NATSO, Biodiesel Supply Chain Unified in Support of Extending Biodiesel Tax Credit

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. More

New England, New York Energy Groups Urge Lawmakers to Extend, Phase Out Biodiesel Blenders' Tax Credit

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. More

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. More

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. More

NATSO, Biodiesel Supply Chain Urge Tax-Writing Committees to Extend, Phase Out Biodiesel Tax Credit

NATSO and a diverse group of biodiesel producers, fuel retailers and trucking interests representing every segment of the biodiesel supply chain sent a letter the Senate Finance Committee and House Ways and Means Committee on Oct. 31 in support of extending and phasing out the biodiesel blenders’ tax credit, and outlining their opposition to efforts to shift the credit to a producers’ credit as the tax-writing committees consider tax reform legislation. More

Bipartisan Legislation Introduced to Extend, Phaseout Biodiesel Tax Credit

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. More

Biodiesel Tax Credit Set to Lapse Members Only Join or Login

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 on prior occasions after it has lapsed it has been extended retroactively the following year, it is not certain that this will occur next year. Given that many NATSO members have historically utilized the biodiesel tax credit to integrate the product into their diesel supply and offer competitive fuel prices, NATSO offers a few points to keep in mind as you plan for 2017. More

NATSO Commends Rep. Black for Introducing Legislation to Extend Biodiesel Blender’s Tax Credit

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. More

Legislation Introduced to Extend Biodiesel Blenders' Tax Credit

On Sept. 13, Rep. Diane Black (R-Tenn.) introduced H.R. 5994, legislation that would extend for two years through 2018 the biodiesel blenders' tax credit. NATSO has worked closely with Rep. Black's office on this legislation, and has expressed its support for the bill. More

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