Which federal tax incentives were extended as a result of the recently enacted Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010?

On December 17, 2010, President Obama signed H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law No: 111-312). This Act extends and reinstates several alternative fuel tax credits through December 31, 2011. See the Federal Incentives & Laws Web page for additional information.

Extended tax credits include:

Qualified Alternative Fuel Infrastructure Tax Credit

Volumetric Ethanol Excise Tax Credit (VEETC)

Small Ethanol Producer Tax Credit

Small Agri-Biodiesel Producer Tax Credit 

The Act also reinstates several tax credits that expired after December 31, 2009:

Alternative Fuel Excise Tax Credit

Alternative Fuel Mixture Excise Tax Credit

Biodiesel Mixture Excise Tax Credit

Biodiesel Income Tax Credit

Special Rule for 2010 Excise Tax Credit Claims:
The Alternative Fuel, Alternative Fuel Mixture, and Biodiesel Mixture Excise Tax Credits were reinstated retroactively, meaning taxpayers may submit a one-time claim for qualified fuel sold or used during the 2010 tax year. The U.S. Internal Revenue Service (IRS) has issued special guidance to allow a 180-day period for the submission of these claims. Please refer to the IRS Notice 2011-10 (PDF) for additional information.

Expired Incentives:
Two vehicle purchase incentives expired after December 31, 2010, and were not extended:

Qualified Alternative Fuel Motor Vehicle Tax Credit

Light-Duty Hybrid Electric Vehicle and Advanced Lean Burn Vehicle Tax Credit

The descriptions of these expired tax credits, including the expiration dates, will remain on the Federal Incentives & Laws Web site until the federal tax filing deadline.