2016 NPCA Convention
Courtyard Marriott
Downtown- Haymarket
Lincoln, NE
September 29-30
CONVENTION BROCHURE
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Thank You to NPCA's Partners
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Want to be an NPCA Partner,
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HELP US MAKE OUR GOAL
Send a
PERSONAL check payable to PMAA SBC to:
NPCA
1320 Lincoln Mall
Lincoln, NE 68508
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YOUR WEEKLY MEMBER NEWS LETTER:
is a service provided only to members of the Nebraska Petroleum Markers & Convenience Store Association (NPCA). If you have any key personnel that would like to be added at no additional charge, please feel free to reply to
tkeigher@npcainc.com, katie@npcainc.com or call (402)-474-6691.
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2016 NPCA CONVENTION
DON'T FORGET TO REGISTER!
September 29 &30
COURTYARD MARRIOTT-HAYMARKET
LINCOLN, NE
PLATINUM SPONSORS:
 
GOLD SPONSORS:
SILVER SPONSORS:
HOLES SPONSORSHIPS:
| Federated |
| Cenex |
| Growmark |
| NE Lottery |
| Phillips 66 |
| Sinclair |
| Shell |
| Valero |
| Yant |
| Midwest Pump |
| Cubby's |
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Kwik Stop
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| Hartland Fuels |
| Bosselman Tank & Trailer |
| Bosselman Carriers |
| Fauser Energy |
| Flint Hills Resources |
| BP |
| Leak Specialist |
RDG Geoscience & Engineering
Silverstone Group |
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On Tuesday, the House Financial Services Committee marked up and ultimately passed H.R. 5983, known as the "Financial Choice Act." The vote passed 30-26, with all Democrats and one Republican voting in the negative. The bill contains language that would repeal the Durbin amendment. However, even though the committee approved the bill, the legislation is not likely to hit the floor for a vote anytime soon.
Repealing the Durbin amendment would be extremely harmful to retailers because it ultimately lowered debit card interchange fees which are the second highest expense to a retailer only behind labor. PMAA and the Merchants Payments Coalition (MPC) supported the Durbin amendment's passage in 2010 and will continue to fight to ensure it is not repealed. If you have not already done so, please urge your House members to oppose the "Financial Choice Act" so that it does not make it to the House floor for a full vote. Please click
here to send a letter to your House member urging them to protect the Durbin amendment.
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TREASURY DEPARTMENT'S PROPOSED REGULATIONS WOULD HARM FAMILIES
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On August 2, the U.S. Treasury Department proposed a new set of rules that change Section 2704 of the Internal Revenue Code. The proposed regulations will make very significant changes to the valuation of interests in many family-controlled entities for estate, gift, and generation-skipping transfer tax purposes.
The changes to Section 2704 will make it more difficult for families to offer ownership to family members who are well positioned to continue to operate the business after the founder of the business ceases to participate. Furthermore, the proposed changes will harm the American economy because family businesses employ millions of people and make up a large share of the economy. The Treasury Department should encourage growth of family businesses instead of discouraging them by unfairly handicapping them. Lastly, the Treasury Department and the IRS are creating an unfair and discriminatory competitive advantage for "non-family related entities" at the expense of family related entities.
PMAA has been working with the Family Business Estate Tax Coalition (FBETC) to coordinate a legislative plan to repeal or limit the scope of the regulations once finalized. PMAA urges all associations and member companies to sign-on to a letter that PMAA has already signed which will be sent to the Treasury Department. Please click
here to sign the letter.
The deadline to sign-on to this letter is Monday, September 26 by 5:00pm EDT.
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On Wednesday, the National Federation of Independent Business (NFIB) sent a letter to Labor Secretary Tom Perez arguing for an extension of the overtime rule compliance deadline by six months (to June 1, 2017). The rule is set to become effective on December 1, 2016. NFIB noted that half of small businesses will be affected by the rule and they need time to reorganize. To review the letter, click
here.
PMAA is supporting all efforts to stop or at least delay the new rule. Currently the bill with the strongest possibility of passing is the "Overtime Reform and Enhancement Act" (H.R. 5813). This bill would delay the implementation of the manager overtime rule by three years and may be scheduled for a Floor vote this year if there are enough cosponsors to show strong support. There are only seven cosponsors: Reps. Schrader (D-OR), Cooper (D-TN), Peterson (D-MN), Cuellar (D-TX), Fortenberry (R-NE), Emmer (R-MN), Bordallo (D-GU) and Graham (D-FL).
To urge your members of Congress to support H.R. 5813, click
here.
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Petro Plaza,
Industry news
Posted / Last update: 05-09-2016
There are nearly 112,000 gas stations in the U.S. - over 100,000 fewer than in 1967, according to the U.S. Census Bureau.
The number of gas stations has rapidly gone down over the last 50 years, while the convenience segment of the fuel retailing business has shown great growth: Around 86 percent of today's gas stations are connected with convenience stores.
Across the U.S., there are more than 111,000 gas stations doing over a half-trillion dollars worth of annual business. Each year, the pumps at these stations dispense nearly 170 billion gallons of gasoline and special fuels, including diesel.
A portion of the price is due to the Federal tax of 18.4 cents per gallon of gas, and 24.4 cents per gallon of diesel. State taxes on fuels vary widely, but the national average is greater than the Federal amounts. The highest state tax plus other fees on gasoline is 50.3 cents per gallon, levied in Pennsylvania, which also leads in taxing diesel fuel, at 64 cents per gallon.
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This week, legislation was passed (250-171) by the House which would add transparency and accountability to executive agency rulings by requiring agencies to post copies of all steps and communications online. The "Regulatory Integrity Act" (H.R. 5226) would also require agencies to post cost-benefit analyses; prohibit officials from using private email to discuss pending actions; and to disclose when proposed actions duplicate or overlap with existing regulations.
PMAA strongly supports all efforts to hold government officials accountable and to minimize the costs in both time and money of regulatory requirements.
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PMAA asks that you urge your members to cosponsor PMAA supported legislation known as "The Food and Fuel Consumer Protection Act," (H.R. 5180) introduced by Reps. Flores (R-TX), Welch (D-VT), Goodlatte (R-VA) and Costa (D-CA) which would cap the ethanol mandate at 9.7 percent of projected gasoline demand. Since PMAA's Day on the Hill, nearly 70 lawmakers have cosponsored the legislation.
Click
here to urge your House lawmakers to cosponsor the legislation.
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WE CARD AWARENESS MONTH- SEPTEMBER 2016
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This week, Rep. Diane Black (R-TN) introduced a bill that would extend the biodiesel credit through December 31, 2018. H.R. 5994, the "Biodiesel and Renewable Diesel Incentive Extension Act of 2016" would extend the credit that is set to expire at the end of this year and it would maintain the credit at the blender level. PMAA fully supports this legislation.
PMAA opposes moving the blender's credit to the production level because it would effectively kill any below the rack biodiesel blending and subsequent savings to consumers. Leaving the biodiesel tax credit at the blender level will ensure that the fuel remains competitive in the marketplace. Petroleum marketers have legitimate concerns that much of the tax credit will be pocketed by producers and not passed on to marketers and consumers. In the current environment where biodiesel is not competitive with conventional diesel without the tax credit, it is essential that the credit be passed on to the consumer.
Late last year, Congress passed a tax extenders package that included the $1 per-gallon biodiesel blender's tax credit. Maintaining the credit at the blender level was a huge victory for petroleum marketers because like this year, there was a legislative push to move the biodiesel blender's credit to the production level. PMAA remains concerned with limited access to supply, blending logistics in the tax and dyed system and we are concerned that the credit would not be passed to consumers if moved to a production credit. PMAA actively lobbied Congress on this, particularly on behalf of heating oil dealers and their consumers who almost certainly would have experienced an increase in the price of heating oil.
PMAA is fighting this latest push for a producers credit and continues to meet with Members of Congress to encourage support of a straight extension of the credit (like that in H.R. 5994) again, and to oppose all legislative efforts to move the tax credit to a producer level. Tax extender language may move when Congress returns to work following the November elections.
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September is recognized as National Preparedness Month (NPM) which serves as a reminder that we all must take action to prepare, now and throughout the year, for the types of emergencies that could affect us where we live, work, and also where we visit. To plan and implement a business preparedness strategy, click
here and for a family strategy click
here.
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PMAA will hold its Fall Meeting in conjunction with the NACS Show on October 17-18 at the Hyatt Regency Atlanta. The PMAA meeting will begin with a New Attendee Orientation mid-afternoon on October 17 followed by a Board Briefing. A welcome reception with NACS to State Association Leaders will follow at the Georgia World Congress Center. On the morning of October 18, there will be a Buffet Breakfast followed by Region and Committee Meetings. The PMAA Board of Directors meeting is scheduled after the Distinguished Service Award Luncheon honoring Larry Jordan and sponsored by Federated Insurance.
You can find all details about PMAA's Fall Meeting at the NACS Show
here. Please click
here for our
event website which includes dynamic online event registration with secure event payment processing through Cvent.
Many of you have not yet pre-registered so we would encourage you to do so now to assist us with our hotel guarantees and to have a name badge ready for you.
Please note that reservations may be canceled without penalty on or before
TODAY, September 16, 2016. Any reservations canceled after this date will be charged a penalty, or forfeit the check deposit, equaling first night's room and tax by the NACS Housing Agency, Connections Housing. Changes and reservations can be made up until the start of the show and are based on availability.
Please note that the NACS Show registration is separate from the PMAA Meeting Registration!
We look forward to seeing you in Atlanta!
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Forces of Nature
Natural disasters can occur anytime, anywhere and can destroy years of hard work in an instant. With proper planning, their impact on your livelihood can be minimized. If you haven't developed a disaster plan for your business, or need to update your current plan, the following steps may help.*
A community cannot survive a disaster unless businesses survive, and businesses cannot survive unless their employees survive. Mother Nature doesn't care who's in her way. Developing a functional, practical disaster plan can help protect your business, your employees, and your future, and help you manage potential disasters with the confidence of knowing your business has prepared to carry on.
Please click here for the steps for a disaster plan and resources from Federated. For additional information or to discuss this in further detail, please contact your Federated regional representative or PMAA's National Account Executive Jerry Leemkuil at 800.533.0472. Federated is a PMAA Corporate Platinum Partner.
*List is not all-inclusive. Your unique needs and business requirements must be considered when developing a disaster recovery plan
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Nebraska Petroleum Marketers and Convenience Store Association | (402) 474-6691 |
www.npcainc.com |
1320 Lincoln Mall, Suite 100B
Lincoln, NE 68508
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