Biodiesel Board, Others Push for Renewal, Extension of Biodiesel Blender Credit

A diverse group has come out in favor of renewing and extending the $1-per-gallon biodiesel blender credit for 2018 and 2019, and the groups are pushing for a long-term solution, "including a permanent tax incentive at a level that will continue to foster growth in the domestic biodiesel fuel market."The groups argue the uncertainty by letting the credit expire periodically have stymied investment by the industry. Signing the letter to leaders of the House and Senate tax-writing committees were the Advanced Biofuels Association, American Trucking Associations, National Association of Convenience Stores, National Biodiesel Board, National Renderers Association, NATSO (Representing America's Travel Centers and Truckstops), New England Fuels Institute, Petroleum Marketers Association of America and the Society of Independent Gasoline Marketers of America.However, efforts previously to get a permanent extension have not met with success and House Ways & Means Chairman Kevin Brady, R-Texas, has previously been against the annual parade of tax extenders.