Fuel Retailers Applaud Passage of Budget Reconciliation
"We thank the
"This legislation marks a major victory for the nation's fuel retailers, their employees and the communities in which they operate. We applaud the inclusion of key tax provisions, such as the 199A Qualified Business Income Deduction and the full expensing of capital investments, which help spur innovation in our competitive marketplace."
"NATSO and SIGMA, which together represent nearly 90 percent of fuel sold at retail, strongly support the revision to the '45Z' Clean Fuel Production Tax Credit, which restores equal tax treatment between sustainable aviation fuel (SAF) and other advanced biofuels such as biodiesel and renewable diesel. Modifying '45Z' to be technology-neutral marks a critical step in revitalizing
"Incentivizing SAF at the same tax rate as all other biofuels will result in more gallons of biofuel being produced and consumed at a lower cost to taxpayers."
About NATSO and SIGMA
NATSO is the trade association representing America's travel center and truck stop industry. Founded in 1960, NATSO represents the industry on legislative and regulatory matters; serves as the official source of information on the diverse travel center, truck stop and off-highway fuel retail industries; provides education to its members; conducts an annual convention and trade show; and supports efforts to generally improve the business climate in which its members operate. For more information visit NATSO.com. Follow NATSO on Facebook; Instagram; LinkedIn; and X. Contact:
SIGMA is the national trade association representing the most successful, progressive, and innovative fuel marketers and chain retailers in
Media Contact:
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SOURCE NATSO, Inc.
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