American Tax Payer Relief Act of 2013 extends the Alternative Fuel Credit
The American Tax Payer Relief Act of 2013 provided a two year temporary extension of various energy tax incentives, including the Alternative Fuels Credit. The credit applies to alternative fuels used by a taxpayer in, or sold by a taxpayer for use in, various off-road vehicles. The most common use in the manufacturing sector is for the powering of forklifts.
The term “alternative fuel” includes:
The credit had expired on December 31, 2011. The signed legislation makes the renewed credit retroactive to January 1, 2012 and sets the new expiration date at December 31, 2013.
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