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Alternative Fuel Tax Credit extended retroactively for 2017

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  • Alternative Fuel Tax Credit extended retroactively for 2017

    The on-again, off-again 50 cent per GGE tax credit was again renewed by Congress today. But only retroactively for 2017.
    http://ngv.com/ngvamerica-applauds-c...dit-extension/

    We shall see what happens for calendar year 2018 in the budget negotiations.

  • #2
    Personally I am thankful for the retroactive excise tax credit. It is awfully hard to plan and promote the industry if we only look backwards.

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    • #3
      Yes, while the retroactive credit is welcome, the problem is that business can't plan for the future - so the credit really doesn't help the industry grow...

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      • #4
        Still scratching my head on this. How do you get a retroactive credit without the bill being reactivated?

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        • #5
          The whole point of these federal tax incentives is to encourage certain behaviors, especially investments in alternative energies, energy efficiency and transportation. The best way to do that is ahead of time, not retroactively.

          https://www.truckinginfo.com/326217/...el-tax-credits
          .

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          • #6
            Originally posted by cngpizza View Post
            Personally I am thankful for the retroactive excise tax credit. It is awfully hard to plan and promote the industry if we only look backwards.
            Well, that's one way of looking at the positive side of this retroactive credit. I just hope this gets to serve its real purpose in the industry.

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