25.03.2016
USA
Sector: LPG

US Congress cuts back on autogas taxes

And by back we actually mean back – an act passed on December 18, 2015 retroactively extended the federal alternative fuel tax credit and now operators of LPG-powered vehicle fleets can claim 50 cents for every gallon of the fuel they used in the entire 2015.
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The tax credit applies to cars, vans, trucks, buses and forklifts as "off-highway business motor vehicles”. As stated in the PATH (Protecting Americans from Tax Hikes) Act which retroactively introduced it for 2015, it's the end user of the LPG motor fuel who should apply and receive the credit.

For fleet managers, propane autogas vehicles offer the lowest total cost of ownership and one way to maximize the financial benefit of propane autogas is by taking advantage of this alternative fuel tax credit from the federal government.

Roy Willis, president and CEO of the Propane Education & Research Council

Even though the tax credit is given for 2015, all whom it may concern still have plenty of time to apply – claims will be accepted until August 8, 2016. We must say we really like this initiative – while it's perfectly OK to use alternative fuels knowing you'll be able to receive some of the expenses back, it seems even better to use them without knowing it and only learning of such possibility post-factum. After all, who doesn't like pleasant surprises coming their way?



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Robert Markowski
source: PERC via auto-gas.net



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