Alternative Fuels

Alt-Fuel Tax Credits Extended Through 2017

Thomas McMahon
Posted on February 15, 2018

One of the extended tax credits is for fueling equipment for natural gas, propane (seen here), electricity, and other alternative fuels.
One of the extended tax credits is for fueling equipment for natural gas, propane (seen here), electricity, and other alternative fuels.
Tax credits that can be tapped by alternative-fuel fleet operators have been extended through last year.

The retroactive extensions came in the Bipartisan Budget Act of 2018, which President Trump signed into law on Feb. 9.

The Alternative Fuel Excise Tax Credit, for one, had expired on Dec. 31, 2016, but the budget bill renewed it through Dec. 31, 2017. That incentive, in the amount of $0.50 per gallon, applies to propane, natural gas, and several other alternative fuels used for motor vehicles.

Another retroactive extension through 2017 was for the Alternative Fuel Infrastructure Tax Credit. That provision provides an incentive of 30% of the cost, up to $30,000, for fueling equipment for natural gas, propane, liquefied hydrogen, electricity, E85, or diesel fuel blends with at least 20% biodiesel, installed through Dec. 31, 2017.

Todd Mouw, vice president of sales and marketing for Roush CleanTech, called the tax credit extensions “good news” for propane autogas fleets, but he noted the need for a long-term approach for the incentives in the future.

“The industry was pushing for and continues to push for a multi-year extension,” Mouw said in a Roush CleanTech and School Bus Fleet webinar on Thursday.

In a press release, NGVAmerica President Daniel Gage said that the alt-fuel tax credits “promote the use of clean, domestic natural gas in transportation.” He also pointed to a push for further extensions.

“We intend to continue working with congressional leaders to extend these proven clean air investment incentives for 2018 and beyond,” Gage said. “Moving forward, our industry needs certainty and deserves parity with other zero emissions equivalent technologies.”

Related Topics: alternative fuels, CNG, propane, taxes

Thomas McMahon Executive Editor
Comments ( 0 )
More Stories
Product

Storage Cabinet for Small Parts

A new storage cabinet from JohnDow Industries is designed to hold up to 12 different assortments of the most popular smaller service parts.

Product

Workshop Management Tool

Chevin Fleet Solutions’ Workshop Hub, when fully launched in early 2019, can be used as a central location for technicians to complete daily administration tasks such as time sheets, inspection sheets, and workshop audits from the workshop floor.

VAT runs a fleet of 80 school buses in Ohio.
Article

Contractors Connect on Recruiting Strategies, Fuel Outlook

Four school bus operators from four states find common ground in dealing with driver shortage, tapping into the benefits of GPS and video cameras, and assessing fuel options. For the most part, they’re sticking with diesel for now, but one is seeing success with an electric bus.

Product

Heat Recycling System

Idle Free Heat uses residual heat from the engine to keep the interior of the bus warm, circulating the heat through the vents when the bus is turned off.

Be the First to Know

Get the latest news and most popular articles from SBF delivered straight to your inbox. Stay on top of the school bus industry and don't miss a thing!