TA Petro Overview of SVC Leases and Financial Upside
Tax Credits On Biodiesel Fuel Sales
• In December 2019, the U.S. government retroactively reinstated the federal biodiesel blenders' tax credit for
2018 and 2019, and approved the federal biodiesel blenders' tax credit through 2022
• The five-year reinstatement of the extended tax credit represents the program's longest continuous duration
since the tax credit was first introduced in 2005
.
Companies can claim credits from the IRS for 2018 and 2019, with expected processing times of 60 days or
less
30
- As of September 30, 2020, TA had collected $69.9 million of the $70.2 million biodiesel blenders'tax
credit that it recognized for in 2019 (related to sales in 2018 and 2019)
Source: Internal Revenue Services.
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