NATSO is asking you to contact your representatives in Washington and urge them to support H.R. 9060, bipartisan legislation introduced by Representatives Mike Carey (R-OH) and Annie Kuster (D-NH) that would extend the Biodiesel Blenders' Tax Credit for one year. The legislation is also cosponsored by Representatives Claudia Tenney (R-NY), Mariannette Miller-Meeks (R-IA), Lou Correa (D-CA), Paul Tonko (D-NY), Andrew Garbarino (R-NY), and Terri Sewell (D-AL).
Since 2004, the Biodiesel Tax Credit has provided a $1.00 per gallon credit for over-the-road biodiesel and renewable diesel blending. The credit has successfully incentivized fuel retailers and trucking companies to invest in low-carbon fuels for the benefit of the consumer.
As truckstops begin to make purchasing decisions for next year, uncertainty around the tax treatment of biofuels threatens to increase fuel prices for consumers. Americans will pay more at the pump and more for everyday household goods – which are predominately transported by truck – if the Biodiesel Tax Credit is not extended.