In-Home Fueling Tax Credit Question

[Highmarker]

I am pondering the idea of purchasing an in-home fueling station.

I live in Utah ($0.639/GGE). I know that there are two Federal tax credits associated with fueling stations:
1) $1,000 tax credit for purchasing in-home fueling station tax credit (this applies to the phill, FM2, FM4, etc.)
2) $0.50/GGE Federal tax credit. My understanding is that this tax credit can be taken by the gas supplier (if the gas supplier does NOT take this credit, then the fueling station owner can)

In Utah I know that Questar takes the $0.50/GGE tax credit and passes $0.32/GGE onto the consumer. I have been told by a Questar representative that it is cheaper to fill up at a fueling station than out of your home.

So, my question is this: Can I claim the $0.50/GGE Federal tax credit when I fill up out of my home with an in-home fueling station? (As far as I know, Questar does NOT take this credit in homes).

[Timon]

Re: In-Home Fueling Tax Credit Question

Short answer is NO.

It's not allowed for home owners only business owners.

[John Mitton]

Re: In-Home Fueling Tax Credit Question

My tax adviser suggested one method would be to put a meter on the Fuelmaker, set up a corporation to own it, then have the corporation pay its share of the monthly gas bill and invoice the homeowner a somewhat higher rate for fuel dispensed. You would probably need to allow others to fuel there, and include your location in the government station locator

We figured it might provide $300 per year in tax credits for my typical driving patterns in the Civic GX, so hardly worth the effort.

[Highmarker]

Re: In-Home Fueling Tax Credit Question

You would probably need to allow others to fuel there,

John,

That would be totally worth it. You could also charge them for parking, room & board, etc. while their car is refueling.

[Steve Anthony]

Re: In-Home Fueling Tax Credit Question

Check out the white paper on who gets the 50 cent per gallon rebate at www.ngvamerica.org. The correct answer is that home fuelers get the 50 cents rebate only if the vehicle is used in a trade or business. Commuting back and forth to work does not count. By the way, home fuelers are obligated to pay the 18.3 cents per GGE federal excise tax so the net is really only .50-.183= 31.7 cents. There is a bit of paperwork involved so maybe not worth the effort. Making CNG at home in Utah does not make financial sense with the low public station prices.