Tax Extenders Still in Limbo

Congress has yet to address tax extenders legislation, S. 2256, which includes a retroactive one-year extension of the biodiesel blender’s tax credit as well as the 9 cents per barrel oil spill liability fee extension through 2018. It is likely that extenders may hitch a ride on a government spending bill, but the timing is still unknown because of the hold up on immigration talks. The federal government is currently operating under a Continuing Resolution which expires on February 8th and its uncertain if Congress will kick the can further down the road to give them additional time to cut a deal on immigration. PMAA is concerned about the retroactive extension of the oil spill liability fee. Click here to read PMAA’s issue brief on the oil spill liability fee. Stay tuned.