Legislation Focus
incentives help alternative fuels The American Taxpayer Relief Act of 2012 was recently passed by Congress and signed by the President. This legislation enacted, and in many cases made retroactive, credits that are for alternative fuels or alternative fuel vehicles or infrastructure. Below is a summary of some of the credits from that legislation. Sec. 402. Extension of credit for alternative fuel vehicle refueling property
• Previously, this credit only applied to vehicles with at
least 4 wheels; this is now extended to “qualified 2- or 3-wheeled plug-in EVs” 2013 and effective to property placed in service after • The credit is the lesser of: 10% of the cost of the December 31, 2011 qualified 2- or 3-wheeled plug-in EV or $2,500 This credit is equal to 30% of the cost of any qualified • • Vehicle must be capable of achieving a speed of 45 mph alternative fuel vehicle refueling property placed in or greater and manufactured for primary use on public Jan 7, 2013 — 1//3 square ad: 4.785” x 4.785” service during the taxable year and is up to a maximum streets, roads, and highways Ad placed requested by: of $30,000 Stephe Yborra • The following were treated as clean-burning fuels: Director of Marketing Review the shortened yet detailed summary byAd designed by & Communications 1. Any fuel at least 85 percent of the volume of which NGVAmerica DRPollard & Assoc In South Shore Clean Cities. drpoll@radix.net consists of one or more of the following: ethanol, 301-829-2520 tel 703-716-0071 natural gas, CNG, LNG, propane/autogas, or hydrogen to coordinators Alleyn Harned from Virginia 240-446-2584Thanks cell 2. Any mixture of biodiesel blends with at least 20% Clean Cities and Carl Lisek of South Shore Clean Cities biodiesel in a blend with diesel or kerosene for their contributions to this article. 3. Electricity
• Extended from December 31, 2011 to December 31,
Sec. 412. Extension of alternative fuels excise tax credits
• Extended from December 31, 2011 to
December 31, 2013 • This appears to bring back the $0.50/gallon credit for propane, the $0.50/GGE credit for natural gas, and the $1.00/gallon of B100 in a blend credit for biodiesel; an ethanol credit is included, see the full language for specifics
Sec. 405. Extension of incentives for biodiesel and renewable diesel
• Extended from December 31, 2011 to
December 31, 2013 • Renews the $1/gallon of B100 used and appears to add a potential $1 for pure biodiesel use, and has a $0.10 credit for “eligible small agri-biodiesel producers”
Sec. 403. Extension of credit for 2- or 3-wheeled plug-in electric vehicles
• The must be acquired after December 31, 2011 and before January 1, 2014
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