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Congress Passes Bill to Fund the Government, Biodiesel Blenders’ Credit and Oil Spill Fee Included

February 9, 2018

This morning, President Trump signed a bipartisan agreement to fund the federal government through March 23rd.  The spending bill this morning includes a one-year retroactive extension of the biodiesel blenders’ credit (for 2017). The blenders’ credit provides a $1.00 per gallon tax credit to blenders of biofuel to incentivize the use of biofuel in the nation’s transportation fuel supply. Thank you to all SIGMA members who responded to SIGMA’s Legislative Action Alert and wrote to their Members of Congress urging passage of the blenders’ credit. The measure also includes a one year prospective extension of the Oil Spill Liability Tax (OSLT).

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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.