Topics: Biodiesel Tax Credit

NATSO Urges Quick Action on Tax Extenders

NATSO and a group of associations representing the nation's fuel retailers are urging Congress to act quickly on a tax extenders package, with particular support for a retroactive extension of the $1-per-gallon biodiesel tax credit. More

Tax Extenders Package Expected in Lame Duck

When Congress returns to Capitol Hill on Nov. 12 for the lame duck session, Republicans and Democrats are expected to discuss several issues of importance to NATSO members, one of which could be a tax extenders package. More

House Democrats Introduce Legislation to Extend Biodiesel, Alternative Energy Tax Credits

Representatives Earl Blumenauer (D-Ore.) and Dave Loebsack (D-Iowa) introduced legislation Sept. 19 that would extend expiring alternative energy-related tax incentives, including the $1 per-gallon biodiesel tax credit. More

Senate Blocks Tax Package, Includes Biodiesel Tax Credit

Legislation to extend tax credit provisions that expired at the end of 2013 failed in the Senate May 15 after a procedural vote to move forward on the bill failed 53-40, short of the 60 votes needed. More

Senate Committee Moves Tax Package, Includes Biodiesel Credit Extension

The Senate Finance Committee approved legislation on April 3 to extend tax credit provisions that expired at the end of 2013. Notable to fuel marketers was the inclusion of a two-year extension of the $1 per gallon biodiesel tax credit. NATSO has communicated extensively with the committee over the last several months supporting the provision. More

NATSO Opposes Biodiesel Production Tax Credit

NATSO opposes legislation introduced by Senators Maria Cantwell (D-Wash.) and Charles Grassley (R-Iowa) to move the biodiesel tax credit away from blenders to biodiesel producers. More

NATSO and Renewable Energy Group Team Up to Offer Biodiesel Webinar June 6

In February, attendees at The NATSO Show 2013 had the opportunity to attend a NATSO U educational session on making biodiesel profitable at your travel plaza. NATSO and Chairman's Circle member Renewable Energy Group are partnering to offer the presentation again on June 6! NATSO members only can register for this free webinar held Thursday, June 6 from 4:00 p.m. to 5:00 p.m. EDT. More

IRS Issues Simplified Procedures for Claiming Retroactive Biodiesel Blenders Credit

The Internal Revenue Service (IRS) has issued new and simplified filing procedures for 2012 retroactive biodiesel blender claims. The new procedure allows claims for all four quarters of 2012 to be filed on IRS Form 8849 Schedule 3. Blenders are no longer required to file amended IRS Form 720X returns to obtain 2012 biodiesel blending credits provided the claim is filed by July 1, 2013. More

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. More

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. More