Rep. Mike Carey, R-Ohio
July 24, 2024
BY Erin Voegele
Rep. Mike Carey, R-Ohio, on July 18 introduced a bill that aims to extend the existing $1 per gallon blenders tax credit for biodiesel and renewable diesel for one year, through the end of 2025. The bill includes language preventing fuels eligible for the 45Z clean fuel production tax credit from also claiming the biodiesel tax credit.
The bill, titled the “Biodiesel Tax Credit Extension Act of 2025,” or H.R. 9060, was referred to the House Committee on Ways and Means following its introduction. To date, the bill has been cosponsored by Reps. Ann Kuster, D-N.H.; Claudia Tenney, R-N.Y.; and Mariannette Miller-Meeks, R-Iowa.
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NATSO, representing America's travel centers and truck stops, SIGMA: America's Leading Fuel Marketers, and the National Association of Convenience Stores (NACS) have spoken out in support of the bill.
"Renewable diesel and biodiesel represent a vital component of any sound strategy for lowering transportation sector emissions. Trucks are harder and more expensive to electrify than cars, and while we pursue aspirational goals, we still must capitalize on economically viable solutions that help us lower emissions today," said David Fialkov executive vice president of government affairs for NATSO and SIGMA. "We commend Representatives Carey, Kuster, Tenney and Miller-Meeks for recognizing the critical role that renewable diesel and biodiesel play in lower fuel costs for consumers by supporting an extension of the Biodiesel Blender Tax Credit. We urge Congress to extend this successful policy as soon as possible."
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"This legislation is key to supporting our industry's continued investment in advanced renewable fuels," said Paige Anderson, director of government relations at NACS. "We applaud Congressman Carey for demonstrating leadership on this issue and encourage all Members of Congress to support this bill, which will extend fuel supply and incentivize fuel retailers to invest in low-carbon alternative fuels at a cost that is attractive to consumers."
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