Alternative Fueling Station Tax Credits

CREDIT FOR INSTALLATION OF ALTERNATIVE FUELING STATIONS

Administered by: Internal Revenue Service
Annual funding: N/A
Established: Calendar Year 2005 by §1342 of the Energy Policy Act of 2005
Scheduled termination: None
Description: Permits taxpayers to claim a 30% credit for the cost of installing clean-fuel vehicle refueling property to be used in a trade or business of the taxpayer or installed at the principal residence of the taxpayer. 85% of the volume must consist of ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen. Any mixture of diesel fuel and biodiesel must contain at least 20% biodiesel. Provisions are included in this section for applying this credit in combination with other business or personal credits.
Qualified applicant: Biodiesel producers and blenders
For more information: Additional information on IRS Publication 378: Fuel Tax Credits and Refunds may be found at http://www.irs.gov/publications/p378/index.html

Back to Comprehensive Guide to Federal Biofuels Incentives


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Maria's Monday Memo To sign up for Maria's weekly newsletter, enter your email address: Search The Site	Constituent Services Alternative Fueling Station Tax Credits CREDIT FOR INSTALLATION OF ALTERNATIVE FUELING STATIONS Administered by: Internal Revenue Service Annual funding: N/A Established: Calendar Year 2005 by §1342 of the Energy Policy Act of 2005 Scheduled termination: None Description: Permits taxpayers to claim a 30% credit for the cost of installing clean-fuel vehicle refueling property to be used in a trade or business of the taxpayer or installed at the principal residence of the taxpayer. 85% of the volume must consist of ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, and hydrogen. Any mixture of diesel fuel and biodiesel must contain at least 20% biodiesel. Provisions are included in this section for applying this credit in combination with other business or personal credits. Qualified applicant: Biodiesel producers and blenders For more information: Additional information on IRS Publication 378: Fuel Tax Credits and Refunds may be found at http://www.irs.gov/publications/p378/index.html Back to Comprehensive Guide to Federal Biofuels Incentives
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