NATSO Commends House Ways and Means Committee for Advancing Tax Extenders Legislation
Alexandria, Va. -- NATSO, the national association representing truckstops and travel plazas, issued the following statement today in response to the House Ways and Means Committee’s approval of legislation that would extend temporary tax provisions through 2020, including the Biodiesel Tax Credit.
“We commend Chairman Richard Neal (D-MA) and the members of the House Ways and Means Committee for advancing legislation that would extend the biodiesel blenders tax credit and other biofuels tax provisions through 2020. A three-year extension is a welcome proposal that we strongly support.
“Extending the biodiesel tax credit is critical to ensuring that travel plazas, truckstops and fuel retailers can sell competitively priced biodiesel and encourages the use of renewable natural resources.
"Although Chairman Neal's proposal may not be perfect, we are grateful for Chairman Neal's good-faith efforts to craft compromise legislation. The advancement of Chairman Neal's proposal should be viewed as a helpful step in the right direction toward providing our industry the certainty it needs to continue bringing advanced biofuels to market. We urge leaders in both the House and Senate to continue working toward an equitable compromise as soon as possible."