Joint Industry Biodiesel Letter Sent to Congress | NACS Online – Media – News Archive
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Joint Industry Biodiesel Letter Sent to Congress

A broad group of associations and their members send letter to House and Senate in support of the biodiesel blenders’ tax credit.
November 2, 2017

​On Tuesday, NACS joined the Advanced Biofuels Association, American Trucking Association, National Association of Truck Stop Operators, Petroleum Marketers of America Association, the Society of Independent Gasoline Marketers Association, and several of their members in a letter to Senate and House tax writing committees urging them to reject efforts to change the biodiesel blenders’ tax credit to a producers’ credit.

In the letter, the group shared how the biodiesel blenders’ tax credit “has worked successfully to build a robust biodiesel and renewable diesel industry that produced twice the volumes mandated under the Renewable Fuel Standard.”  Supporters of the blenders’ tax credit are concerned that changing the tax credit to a producer only benefit will limit supply and lead to increase the cost of diesel fuel and heating oil.

The biodiesel blenders’ tax credit expired at the end of 2016.  In the past, Congress has extended the credit year-by-year as part of a “tax extenders” package, and in some years applied it retroactively, as was the case for 2016.   While unlikely that this or any other tax extenders will be included in the House tax package to be released this week, the Senate may consider including the biodiesel tax credit in its tax package.  However, some senators representing U.S. biodiesel producers are working to change the tax credit from a blenders’ credit to a producers’ credit.