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Refueling tax credit for non-profit organizations?

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  • Refueling tax credit for non-profit organizations?

    Looking for the federal tax credit incentive for refueling equipment related to non-profit orgs. I thought there is/was a tax credit but not finding anything.
    Is there a tax credit for 503c organizations? IRS form?

  • #2
    My understanding is the refueling property tax credit ($30k for businesses, $1k for homes) can only be taken by taxpayers. What some tax-exempts and government agencies have done is to have a leasing company put in the equipment, take the credit, then pass through some or all of this value to the tax-exempt organization. Its Form 8911.
    https://www.irs.gov/credits-deductio...roperty-credit

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