Coalition calls on Congress to extend ‘Section 40A’ Biodiesel Blenders’ Tax Credit

In Washington, NATSO, representing America’s truck stops and travel centers, SIGMA: America’s Leading Fuel Marketers, American Trucking Associations (ATA), the Clean Freight Coalition (CFC), Energy Marketers of America (EMA), the National Association of Convenience Stores (NACS), the National Energy & Fuels Institute (NEFI) and the Truckload Carriers Association (TCA) urged Congress to extend the ‘Section 40A’ Biodiesel Blenders’ Tax Credit. Extending the longstanding, bipartisan $1 per gallon tax credit will ensure that the current uncertainty in the advanced biofuel industry does not result in higher fuel prices at the pump.

Fuel retailers, distributors and blenders, trucking fleets and consumers of renewable fuels support tax policies that result in lower fuel prices. Renewable diesel and biodiesel provide affordable, cleaner-burning fuel that reduces American dependence on foreign energy sources, stabilizes domestic fuel markets, and enables consumers to purchase more competitively priced diesel fuel. Biodiesel and renewable diesel have historically been the most widely used biofuels in commercial trucking and remain the most viable option for reducing carbon emissions from the nation’s trucking, home heating oil, and rail industries.