Topics: biodiesel tax credit

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

Govt. Shutdown Could Delay 2014 Biofuels Targets

Although the Environmental Protection Agency (EPA) has sent its 2014 biofuels proposal to the White House Office of Management and Budget for Review, next year’s targets could be delayed because of the Government shutdown, according to published reports. 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 Accepting Electronic Filings for Motor Fuel Excise Tax-Related Claims

The Internal Revenue Service announced that it has finished updating its tax-processing system software allowing business and individual taxpayers to once again electronically file 2012 federal tax returns, including motor fuel excise tax returns, biodiesel credit claims as well as alternative fuel and alternative fuel mixture credits and income tax returns. 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

"Fiscal Cliff" Legislation Includes Biodiesel Tax Credit

The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation. More

"Fiscal Cliff" Legislation Includes Biodiesel Tax Credit

The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation. The legislation includes extensions of some energy tax credits that are important to NATSO members. More

NATSO, PMAA Urge Congress to Extend the Biodiesel Blender's Tax Credit

NATSO and PMAA sent a letter to Congressional leadership and to tax writing committees urging them to include an extension of the one-dollar-per-gallon biodiesel blender’s tax credit to the tax extenders package currently being discussed among lawmakers. More

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