Energy tax incentives primarily target businesses.

The 2010 Tax Relief Act provided a two year temporary extension of various energy tax incentives, primarily targeted to businesses. Business energy incentives extended in the legislation include, but are not limited to:

1. Credits for biodiesel and renewable diesel fuel. (2 years)
2. Credit for refined coal facilities. (2 years with modifications.)
3. Excise tax credits and outlay payments for alternative fuel and alternative fuel mixtures. (2 years .)
4. Tax credits and outlay payments for ethanol and duties on imported ethanol. (1 year with modifications.)

Click Here for a copy of the bill.

Click Here to view Alternative Fuel Tax Credit Options.

Click Here for Form Schedule 3 with instructions.

Click Here for Form 4136 (2010).

Click Here for Instructions to Form 4136 (2010).

Click Here for Form 8849 with instructions.

If you would like additional information on this topic or have any questions, please contact the taxdesk@thesaltgroup.com