66 industry associations ask Congress to act on tax extenders

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

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)

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