60 organizations sign tax extenders letter to Congress

By Ron Kotrba | November 13, 2018

A group of 60 organizations representing diverse business, energy, transportation, real estate and agriculture sectors has sent a letter to leaders in the U.S. House of Representatives and Senate on the “pressing need” to address the expired tax provisions, commonly referred to as the tax extenders.

The tax extenders, including the $1 per gallon blenders credit for biodiesel and renewable diesel, expired on Dec. 31, 2017.  

“This has created confusion for the numerous industry sectors that utilize these tax incentives and support thousands of jobs in the U.S. economy,” the letter states. “The continued uncertainty with regard to 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 in the private sector.”

In the letter, the organizations ask the legislators to retroactively extend the expired tax provisions, at a minimum, through 2019 before Congress adjourns for the year.

 

 
 
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