TravelCenters of America Inc. Announces the Reinstatement of the U.S. Government Biodiesel Tax Credit for 2018 and 2019
TravelCenters of America Inc. (TA)
NASDAQ:AMEX Investor Relations:
ta-petro.com/about-us/for-investors
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Source: Business Wire
TA Will Recognize Approximately $72 Million in Credits in the Fourth Quarter 2019Tax Credit Will Also Be Extended through 2022 WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that the U.S. Government biodiesel tax credit was retroactively reinstated for 2018 and 2019 in congressional legislation passed on December 20, 2019. TA expects to recognize approximately $72 million related to the biodiesel tax credit reinstatement for 2018 and 2019 in its fourth quarter 2019 financial statements as a reduction to TA's fuel cost of goods sold. In addition to reinstating the federal biodiesel tax credit for 2018 and 2019, this legislation also extended the tax credit through year end 2022.About TravelCenters of America Inc.:TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 21,000 employees serve customers in over 26
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