Tuesday, December 29, 2020
On Dec. 28, Roush alerted its customers and the propane industry that the Alternative Fuel Tax Credit was approved for 2021. On Sunday night, Dec. 27, President Trump signed the FY 2021 Omnibus Spending Bill combined with the COVID Stimulus measures.
According to a statement from ROUSH, the bill includes many clean transportation provisions, including extending the key alternative fuel tax incentives through 2021. Propane credits are covered at 36 cents/gal. (U.S.) In addition, the alternative fuel infrastructure tax credit was also extended through Dec. 31, 2021.
Fueling equipment for propane and natural gas is eligible for a tax credit of 30% of the cost, not to exceed $30,000 per property.
If you have any questions, please reach out to your ROUSH CleanTech representative or This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.
SOURCE: The Weekly Propane Newsletter, December 30, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
According to a statement from ROUSH, the bill includes many clean transportation provisions, including extending the key alternative fuel tax incentives through 2021. Propane credits are covered at 36 cents/gal. (U.S.) In addition, the alternative fuel infrastructure tax credit was also extended through Dec. 31, 2021.
Fueling equipment for propane and natural gas is eligible for a tax credit of 30% of the cost, not to exceed $30,000 per property.
If you have any questions, please reach out to your ROUSH CleanTech representative or This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.
SOURCE: The Weekly Propane Newsletter, December 30, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
