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SIGMA Supports Biodiesel Blenders’ Tax Credit; Prefers NO CREDIT to Producers’ Credit

November 17, 2017

On November 14th, SIGMA sent a letter to members of the Senate Finance Committee outlining the association’s position on the biodiesel tax credit:  SIGMA supports the extension and phase-out of the blenders’ credit and opposes shifting the credit to a producers’ credit.  In SIGMA’s view, as stated in the letter, “...such a change would be so damaging as to make no credit at all a better option than a producers’ credit.” The letter was in response to certain members of the Senate Finance Committee pushing to convert the biodiesel tax credit from a blenders’ credit to a producers’ credit in the context of tax reform legislation.

 

SIGMA Highlights

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.