Access to FundingIncentivesTransportation

Alternative Fuel Mixture Excise Tax Credit

By March 26, 2013 No Comments

The federal government provides for a tax credit in the “amount of $0.50 per gallon of alternative fuel used to produce a mixture containing at least 0.1% gasoline, diesel, or kerosene. Qualified alternative fuels are: compressed natural gas (based on 121 cubic feet), liquefied natural gas, liquefied petroleum gas, P-Series fuel, liquid fuel derived from coal through the Fischer-Tropsch process, and compressed or liquefied gas derived from biomass.”

For more information about this program, go here.