Trade association coalition urges congress to extend biodiesel tax credits

February 6, 2019 |

In Washington, a coalition of 10 trade associations representing producers and marketers of renewable fuels urged Congress to pass a multiyear extension to the biodiesel tax credit in a joint letter.

Signatories to the letter were Advanced Biofuels Association, the American Farm Bureau Federation, the American Trucking Association (ATA), the National Association of Convenience Stores (NACS), the National Biodiesel Board (NBB), the National Renderers Association (NRA), NATSO – Representing America’s Travel Centers and Truckstops, the New England Fuels Institute (NEFI), the Petroleum Marketers Association of America (PMAA), and the Society of Independent Gasoline Marketers of America (SIGMA).

The existing $1.00 per gallon tax incentives for both biodiesel and renewable diesel expired at the end of 2017. The letter urges Congress to enact a multiyear extension that retroactively covers 2018 and extends the credit into the future to encourage producers and blenders to make forward-looking infrastructure investments.

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Category: Policy

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