The National Biodiesel Board (NBB) joined a letter sent to Congressional leaders from a diverse mix of associations that called for a retroactive, multi-year extension of the biodiesel tax incentive before the end of the year. In addition to NBB, the six other organizations that signed the letter include the Advanced Biofuels Association, the National Association of Truckstop Operators, the American Trucking Association, the National Association of Convenience Stores, the Society of Independent Gasoline Marketers of America and the Petroleum Marketers Association of America.
They write: “The signatories of this letter represent companies from all segments of the biomass-based diesel value chain, including production, blending, distribution, marketing and consumption of biodiesel, renewable diesel and renewable aviation fuels. We share the view that extending the biodiesel tax incentive is consistent with sound tax, energy and economic policy. A seamless, multi-year extension of this worthwhile tax incentive will help create jobs, reduce fuels costs, diversify the nation’s energy supply and bolster domestic energy production.” The full text of the letter is available for download as a PDF here.
“The biodiesel industry is interested in consistency and durability as it relates to the biodiesel tax credit, which we hope to see reinstated this year. This letter shows how important that credit is to a broad range of industries,” said Doug Whitehead, chief operating officer at the National Biodiesel Board. “Tens of thousands of U.S. jobs in manufacturing, agriculture, trucking and other industries are at risk. The clock is ticking, and we hope that Congress acts quickly to reinstate the biodiesel tax credit.”
“It is not every day that these groups all join the same letter, and that should tell policymakers something,” said NATSO Vice President of Government Affairs David Fialkov. “NATSO has spent the last year telling lawmakers that extending the biodiesel blenders’ tax credit is good for consumers, fuel retailers and biodiesel producers, and the fact that the major trade associations representing all of these segments of the supply chain have signed this letter verifies that. We all collectively urge Congress to extend the biodiesel tax incentive.”
Source: Fuel Marketer News
