66 industry associations ask Congress to act on tax extenders
November 13, 2019
BY Ron Kotrba
A diverse group of 66 different trade associations representing industries as wide-ranging as realty, veterinary medicine, biofuels and railroads, to name a few, sent a letter to House and Senate leaders Nov. 11 asking them to act on a tax extenders package.
“The following organizations, representing diverse business, advanced energy, transportation, real estate and agriculture sectors, are writing regarding the pressing need to address tax provisions that expired at the end of 2017 and 2018, and are set to expire at the end of 2019 (‘tax extenders’),” the letter states. “To minimize the economic disruptions and uncertainty for businesses and families, we respectfully ask that the House and Senate send tax legislation to the President in 2019 that includes a retroactive extension of tax extenders at least through 2020.”
The letter brings the numerous temporary tax provisions lapsed since the end of 2017, such as the biodiesel tax credit, and important tax incentives set to expire at the end of this year to the attention of the congressional leaders.
“Uncertainty regarding the status of these worthwhile incentives has created confusion for the numerous industry sectors that utilize these tax incentives and has threatened thousands of jobs in the U.S. economy,” the letter states. “The continued uncertainty regarding eventual congressional action on tax extenders is undermining the effectiveness of these incentives and stands as a needless barrier to additional job creation and economic growth. Providing taxpayers with predictable tax rules is conducive to increased domestic investment and economic activity. Accordingly, we respectfully ask that you act on a package that extends these expired and expiring tax provisions at least through 2020 before the end of this calendar year.”
The letter is signed by the following organizations.
Advanced Biofuels Association
Advanced Biofuels Business Council
Air-Conditioning Heating and Refrigeration Institute (AHRI)
Algae Biomass Organization (ABO)
American Biogas Council
American Council of Engineering Companies
American Farm Bureau Federation
American Horse Council
American Public Gas Association
American Public Transportation Association (APTA)
American Short Line and Regional Railroad Association
American Society of Cost Segregation Professionals
American Soybean Association
American Trucking Associations
American Veterinary Medical Association
Associated Builders and Contractors
Associated General Contractors of America
Association of American Railroads
Biomass Thermal Energy Council
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Biotechnology Innovation Organization
Building Owners & Managers Association (BOMA) International
Business Council for Sustainable Energy
Coalition for Energy Efficient Jobs & Investment
CCIM Institute
Electric Drive Transportation Association
Enel Green Power North America
Energy Recovery Council
Geothermal Resources Council
Growth Energy
Hearth, Patio & Barbecue Association
Independent Electrical Contractors
Independent Film and Television Alliance
International Fuel Terminal Operators Association (IFTOA)
International Warehouse Logistics Association (IWLA)
IREM
Motorsports Coalition
NAFA Fleet Management Association
National Association of Convenience Stores
National Association of Corn Growers
National Association of Energy Service Companies (NAESCO)
National Association of Realtors
National Association of State Energy Officials (NASEO)
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National Association of Stock Car Auto Racing (NASCAR)
National Barley Growers Association
National Biodiesel Board
National Council of Farmer Cooperatives
National Employment Opportunity Network (NEON)
National Hydropower Association
National Propane Gas Association
National Railroad Construction and Maintenance Association (NRC)
National Thoroughbred Racing Association (NTRA)
NATSO, Representing America's Travel Centers and Truckstops
NEFI: Supporting Liquid Heating Fuel Distributors
New Markets Tax Credit Coalition
NGVAmerica
Petroleum Marketers Association of America
Railway Supply Institute
Renewable Fuels Association
Saving Our Service
Society of Independent Gasoline Marketers of America
South West Transit Association (SWTA)
Spray Polyurethane Foam Alliance (SPFA)
The Coalition for Renewable Natural Gas
The National Lumber & Building Material Dealers Association
Tile Roofing Industry Alliance
U.S. Canola Association
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