NACS Supports Biofuels Tax Extenders

Coalition of industry retail and fueling groups applauds three-year biofuels tax extenders proposal.

ALEXANDRIA, VA - June 13, 2019: NACS and members of a biofuels coalition that includes NATSO, the Advanced Biofuels Association (ABFA), American Trucking Associations (ATA), New England Fuel Institute, PMAA and SIGMA, are lending support on behalf of their members to U.S. House Ways and Means Committee Chairman Richard Neal (D-MA)’s pending legislative proposals to extend temporary tax provisions through 2020.

"On behalf of the coalition to support the extension of the biodiesel blenders tax credit and other biofuels tax provisions, we thank the Chairman Neal for his proposal to extend these tax policies through 2020. A three-year extension is a welcome proposal that all of us support,” said the coalition.

"These extender provisions affect the jobs of thousands of Americans. The tax credits have a direct relationship to the amount of renewable fuels that are blended into our nation's supply of liquid transportation fuels and home heating oil and the amount of carbon reductions achieved as a result.

"The proposal should be viewed as a helpful step in the right direction toward providing our industries the certainty they need to continue bringing advanced biofuels to market. We urge leaders in both the House and Senate to continue working toward an equitable compromise as soon as possible."