Topics: biodiesel tax credit

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

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

NATSO Files Comments With EPA on Renewable Fuel Mandates

NATSO on Oct. 19 filed comments with the Environmental Protection Agency (EPA) in response to the agency's request for input on reducing renewable fuel mandates. Specifically, EPA has suggested that it is considering reducing annual renewable volume obligations (RVOs) by tying them to domestic renewable fuel production capacity, rather than the market's ability to consume renewable fuel. NATSO, in its comments, told EPA that this policy shift would undercut the purpose of the RFS and ultimately lead to higher fuel prices for consumers. More

EPA Considering Further Lowering Renewable Volume Mandates

The Environmental Protection Agency (EPA) on Sept. 26 announced that it was seeking public comment on a new approach to establishing renewable fuel mandates under the Renewable Fuel Standard (RFS): Only considering domestic production capacity. If EPA ultimately adopts this new approach, it will substantially lower retailers' incentives to incorporate renewable fuels into their fuel supply. NATSO opposes this policy shift, and in comments it will file with the Agency will urge EPA to recognize that there is a global market for renewable fuels, such as biodiesel, and that the RFS should accommodate fuels regardless of where they are produced. 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

Aug. 8 Deadline for 2015 Biodiesel Blender Credit

Fuel retailers have until Aug. 8 to file claims for the $1.00 per gallon biodiesel blender credit for blends created in 2015. The Internal Revenue Service (IRS) will not accept claims for 2015 retroactive biodiesel blender credits filed after this date. More

SenateTax-Writing Committee Considers Energy Tax Policy; No Discussion of Biodiesel

The Senate Finance Committee on May 14 held a hearing on energy tax policy, the first committee hearing on this topic in the current Congress. The truckstop and travel plaza industry's primary interests in this space at the present time are the $1.00/gallon biodiesel blenders' tax credit, as well as the $0.50/gallon alternative fuel tax credit and alternative fuel mixture tax credit (applicable to sales of LNG and CNG, among other fuels). These provisions, which are scheduled to expire at the end of 2016, were not discussed at the hearing. More

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