In December 2019, NPGA played a critical role in the reinstatement of the Alternative Fuel Tax Credit and the Alternative Fuel Refueling Property Credit. These credits are estimated to be worth over $500 million dollars to the propane industry. Use it. Don’t leave money on the table.
The Next Steps:
1) Share the Alternative Fuel Credits Fact Sheet with your tax professional. This document is not tax advice. It is a tool to be shared with your tax professional. A tax professional can determine eligibility and use of the credit.
2) Keep in mind – the credit is retroactive for 2018 and 2019. There is a 180-day window to submit all retroactive claims. This one-time opportunity begins on February 14, 2020 and runs through August 11, 2020.
3) Share the document with your customers.
4) Fork lifts are eligible to claim the Alternative Fuel Tax Credit.
5) Use your tax credit.
This document is being shared with the full NPGA membership. It will also be available on the NPGA Member Dashboard on the NPGA website.
If you have any questions, please contact mbaker@npga.org.