Friday, January 31, 2020
(January 31, 2020) — In December 2019, the National Propane Gas Association (NPGA) played a critical role in the reinstatement of the Alternative Fuel Tax Credit and the Alternative Fuel Refueling Property Credit. These credits are estimated to be worth more than $500 million dollars to the propane industry. In its NPGA Legislative Report released today, the NPGA advises its members not to leave money, on the table.
Below are Next Steps as recommended by the NPGA:
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Below are Next Steps as recommended by the NPGA:
- Share the Alternative Fuel Credits Fact Sheet with your tax professional. This document is not tax advice. It is a tool to be shared with your tax professional. A tax professional can determine eligibility and use of the credit.
- Keep in mind - the tax credit is retroactive for 2018 and 2019. There is a 180-day time frame to submit all retroactive claims. This one-time opportunity begins on February 14, 2020 and will continue through August 11, 2020.
- Share the document with your customers.
- Forklifts are eligible to claim the Alternative Fuel Tax Credit.
- Use your tax credit.
If you have any questions, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..