Topics: biodiesel tax credit

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

NATSO Advocates for Biodiesel Blender Tax Credit

NATSO and a group of coalition partners representing the entire biodiesel supply chain, including consumers, sent a letter to members of the Senate Finance Committee on June 13 reiterating support for the biodiesel blenders tax credit. The letter was sent one day before the Committee is scheduled to hold a hearing on energy tax issues. More

Effort to Change Biodiesel Tax Credit Fails Again

Certain biodiesel producer interests tried in recent weeks to include in unrelated Federal Aviation Administration (FAA) legislation a provision that would have repealed the $1.00/gallon biodiesel blenders' tax credit and replaced it with a producers' credit. Thanks to strong pushback from NATSO and other interested parties, that effort has failed, and the provision has not been included in that legislation. More

IRS Issues Forms for Biodiesel Tax Credit Claims

The Internal Revenue Service (IRS) has released forms that biodiesel blenders can use to file claims for the $1.00/gallon biodiesel blender credit. One form is for retroactive 2015 claims, and the other is for 2016 claims. Claims for biodiesel blends created in 2016 must be filed separately from retroactive clems for belnds created in 2015. More

IRS Explains Procedures for 2015 Biodiesel Tax Credits

The Internal Revenue Service (IRS) has released a guidance document outlining special one-time claim procedures for obtaining the $1.00 per gallon biodiesel blender tax credit for 2015. More

2016 Market Preview: Biodiesel and Ethanol

What to expect with regard to the biodiesel tax credit and ethanol production in 2016. More

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