Alt. Fuels Tax Incentives Extended

On February 12, 2018, President Donald Trump signed the Bipartisan Budget Act of 2018, a long-term budget agreement that includes extensions of lapsed tax credits for alternative fuel vehicles and refueling infrastructure, but only retroactively through the end of 2017.

The bill, H.R.1892, was passed in the House (240-186) and the Senate (71-28) and later signed in the White House. For the alt-fuels sector, the bill includes extensions for tax credits that had expired at the end of 2016. This includes provisions for new qualified fuel cell vehicles; non-hydrogen alt-fuel vehicle refueling properties (hydrogen refueling infrastructure was already eligible for the tax credits); biodiesel and renewable diesel; second-generation biofuel producers; and two-wheeled plug-in electric vehicles (EVs).

Importantly, the bill also reinstates the $0.50/gallon alternative fuels tax credit (AFTC). As explained by the Alternative Fuels Data Center (AFDC), part of the U.S. Department of Energy’s Vehicle Technologies Office, the incentive, which had expired on Dec. 31, 2016, is applicable to fuel sold or used through Dec. 31, 2017. The tax credit is available for “natural gas, liquefied hydrogen, propane, P-Series fuel, liquid fuel derived from coal through the Fischer-Tropsch process, and compressed or liquefied gas derived from biomass.”

The AFDC notes that the Treasury will issue guidance for how to submit claims by March 11. Claims can be submitted for a 180-day period beginning no later than 30 days after the Treasury issues guidance; the claims will be paid no later than 60 days after receipt, says the AFDC. Clean Fuels Ohio will monitor this guidance in order to help support the needs of our members.

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Clean Fuels Ohio

3240 W Henderson Rd Suite A

Columbus, OH 43220-2300