Federal Alternative Fuel Infrastructure Tax Credit
Posted by admin on Jan. 3, 2014 / Clean Fuels Infrastructure, Tax Incentives / Subscribe 0
As of December 31, 2013, federal tax incentives for installing fueling equipment for natural gas, LPG (propane), EV, and diesel fuel blends (greater than 20% biodiesel) have expired. Fueling equipment installed between January 1, 2006 and December 31, 2013 are still eligible for the 30% tax credit of the cost, not to exceed $30,000.
- Permitting and Inspection fees are not covered by the tax credit
- Consumers who purchased qualified residential fueling equipment prior to December 31, 2013, may receive a tax credit of up to $1,000.
As of today, there has been no word on whether or not these credits will be retroactively extended. For more information please refer to the following sites:
- To apply for the federal infrastructure credit: see IRS Form 8911, which is available on the IRS Forms and Publications website. (Reference Public Law 112-240, 26 U.S. Code 30C and 38, and IRS Notice 2007-43(PDF))
- Point of Contact: U.S. Internal Revenue Service / Phone: (800) 829-1040 / http://www.irs.gov/
- Federal Laws and Incentives: http://www.afdc.energy.gov/laws/laws
- Louisiana AFV and Infrastructure Tax Credit: http://www.afdc.energy.gov/laws/law/LA/6603
0 Comments