Fuel Retailers, Biodiesel Producers and Consumers Applaud House Legislation to Extend the Biodiesel Tax Credit

ALEXANDRIA, Va., April 4, 2019 /PRNewswire/ -- NATSO, the national association representing truckstops and travel plazas, along with the Advanced Biofuels Association (ABFA), American Trucking Associations (ATA), National Association of Convenience Stores (NACS), and Society of Independent Gasoline Marketers of America (SIGMA) -- representing the entire biodiesel supply chain -- today commended a bipartisan group of lawmakers for introducing legislation to extend the biodiesel tax credit.  The legislation is sponsored by Congresswoman Abby Finkenauer (D-IA), as well as Representatives Ron Kind (D-WI), Dave Loebsack (D-IA), Darin LaHood (R-IL), Danny Davis (D-IL), Rosa DeLauro (D-CT), Cheri Bustos (D-IL) and others.

"This legislation underscores the fact that the biodiesel tax credit has strong Democratic support in the House of Representatives," said David Fialkov, Vice President of Government Affairs for NATSO. "The authors of this legislation understand that the biodiesel tax credit helps create jobs, reduce the transportation sector's greenhouse gas emissions, and enables fuel retailers to offer more competitively priced diesel fuel, which in turn lowers the price of all consumer goods that are moved by truck. The biodiesel tax credit has bipartisan support in both chambers of Congress. It's time to get this done."

Michael McAdams, president of the Advanced Biofuels Association, said ABA's "membership is grateful and will work vigorously to support the bipartisan legislation introduced today. This legislation is crucial to ensuring that biodiesel producers can continue to create jobs and make a product that substantially improves the transportation industry's greenhouse gas footprint, all while lowering fuel prices. Producers win, retailers win, and most importantly, consumers win. Everybody wins with this bill."

"ATA applauds the bipartisan group of House lawmakers for introducing this legislation. The biodiesel blender tax credit results in lower fuel costs for truckers throughout the country," said ATA Vice President Glen Kedzie.

"NACS members around the country have used the tax credit to offer biodiesel as an affordable option for consumers," said Paige Anderson, Director, Government Relations, National Association of Convenience Stores. "We applaud the bipartisan group of Members of Congress for introducing a two-year extension of the credit so fuel retailers and marketers can include biodiesel in their fuel portfolio in the near future."

"SIGMA strongly supports this legislation, which would immediately incentivize fuel marketers to buy and blend additional gallons of biofuels," said Brad Puryear, President of SIGMA. "This legislation promotes American energy independence and cleaner energy. The biodiesel tax credit also leads to more competitive pricing of diesel fuel at the pump, which benefits American consumers."

NATSO is the trade association of America's travel plaza and truckstop industry. Founded in 1960, NATSO represents the industry on legislative and regulatory matters; serves as the official source of information on the diverse travel plaza and truckstop industry; provides education to its members; conducts an annual convention and trade show; and supports efforts to generally improve the business climate in which its members operate.

CONTACT: Tiffany Wlazlowski Neuman
Phone: (703) 739-8578  

SOURCE NATSO, Inc.