Congress will soon decide whether to extend the federal tax incentives for the use of biodiesel, propane, and natural gas. These incentives lapsed at the end of 2014.
During the next several weeks, NAFA will be making the case to Congress that these incentives should continue.
If you have taken advantage of any or all of the federal incentives listed below, please provide a brief case study or example of how these tax incentives enabled you to add alternative fuel vehicles to your fleet. Your first-person documentation will clearly illustrate how these federal tax credits have influenced migration to alternative fuels by NAFA Members. Click this link to go to the case study response form.
• Alternative Fuel Excise Tax Credit – $.50 per gallon alternative fuel tax credit for compressed natural gas and propane when used as a vehicle fuel.
• Biodiesel Production and Blending Tax Credit – Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel or renewable diesel produced or used in the blending process.
• Alternative Fuel Infrastructure Tax Credit – A 30 percent credit for installing vehicle refueling property for alternative fuel, such as pumps for ethanol or liquefied natural gas.
Thank you in advance for your participation with this important effort!
The post NAFA Urges Congress to Renew Alt Fuel Subsidies appeared first on Fleet Management Weekly.
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