The House Ways and Means Committee late last night advanced legislation that would extend temporary tax provisions through 2020, including the Biodiesel Tax Credit.
The committee voted 25 to 17 to advance a bill to extend the tax breaks that expired in 2017 and 2018 or will expire at the end of this year. More
NATSO, the national association representing truckstops and travel plazas, issued the following statement today in response to the House Ways and Means Committee’s approval of legislation that would extend temporary tax provisions through 2020, including the Biodiesel Tax Credit. More
House Ways and Means Committee Chairman Richard Neal (D-MA) on June 11 discussed a proposal with members to extend a series of expired business tax benefits known as “extenders” that include the biodiesel tax credit.
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. More
NATSO today joined nine trade associations in urging Congress to pass a multiyear extension of the biodiesel blenders' tax credit in a joint letter representing producers and marketers of renewable fuels. More
The New Year will usher in a new chapter of the Trump Administration that will have wide-ranging consequences for NATSO’s policy priorities. Here is an overview of NATSO’s top legislative issues and their outlook for 2019. More
Incoming Senate Finance Chairman Chuck Grassley (R-Iowa) told Politico that he has "very little interest in the Ways and Means Committee" for tax extenders, "except maybe for a couple," which could include the biodiesel tax credit. More
NATSO joined nearly 60 organizations representing a variety of business, energy, transportation, and agriculture stakeholders in urging Congress to renew expired tax incentives through the end of 2019 before the 115th Congress adjourns. More
In late March, Congress passed and President Trump signed a massive $1.3 trillion spending bill. The 2,232-page piece of legislation contained a plethora of policy changes that are important to fuel marketers. There were also a number of policy changes that were not included in the legislation that would have impacted
the marketing community. More