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SIGMA Supports Neal Biodiesel Tax Credit Proposal

June 14, 2019

This week, House Ways and Means Committee Chairman Richard Neal (D-MA) proposed an extension of the biodiesel blenders’ tax credit to Democratic members of the committee in a closed-door session. Chairman Neal’s proposal would expand the Earned Income Credit and Child Tax Credit, along with several expired business tax credits, including the biodiesel blenders’ credit. Under the proposal, the biodiesel credit would be reinstated retroactively for 2018 and continued through 2019 and 2020. 

SIGMA: America's Leading Fuel Marketers is the national trade association representing fuel marketers and convenience store chain retailers in the United States and Canada. Our approximately 260 corporate members command nearly 50 percent of the petroleum retail market, selling approximately 80 billion gallons of motor fuel each year.