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50¢ excise tax credit is back ?

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  • 50¢ excise tax credit is back ?

    According to this article:

    http://www.usgasvehicles.com/news_detalle.php?id=1110

    Legislation extending incentives for natural gas vehicles is included in the H.R. 4853 – the Middle Class Tax Relief Act of 2010. The legislation extends through 2011:

    The 50-cent per gallon tax credit for compressed and liquefied natural gas when used as a vehicle fuel. This tax credit, which expired at the end of 2009, is retroactive for 2010.

    • The investment tax credit for alternative vehicle refueling property, including natural gas stations. This covers 30% of the cost or USD 30.000, whichever is less. This credit also includes a USD 1.000 tax credit for a home refueling unit.


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    Has anybody seen that in the bill ? I tried googling copies of the bill and couldn't find anything about the credits.
    2004 Toyota Avalon bi-fuel
    2013 Tesla Model S 85

  • #2
    Re: 50¢ excise tax credit is back ?

    OK, now that it's 2012 how can we get it back?

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    • #3
      Re: 50¢ excise tax credit is back ?

      Congress can move to approve the NATGASACT for 2012, but that doesn't look likely. You can also submit a complaint to the IRS department of Public Affairs, to the desk of Mrs. Helen Waite.
      '11 Fusion Bi Fuel & FMQ2-36 VRA
      (Former owner '09 Civic GX)

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