Up to 50% Federal Tax Credit

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Federal Tax Incentives for Alternative Fuels Infrastructure.

United States (Federal) Incentives and Laws

A tax credit is available for the cost of alternative fueling equipment placed into service after December 31, 2005. Qualified alternative fuels are natural gas, liquefied petroleum gas, hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel. The credit amount is up to 30% of the cost, not to exceed $30,000 for equipment placed into service in 2011. Equipment placed into service in 2009 and 2010 may receive a credit in the amount of 50% of eligible costs not to exceed $50,000. Fueling station owners who install qualified equipment at multiple sites are allowed to use the credit towards each location. Consumers who purchase qualified residential fueling equipment may receive a tax credit of up to $1,000. The maximum credit amount for hydrogen fueling equipment placed into service before January 1, 2015, is $200,000. Under current law, the credit expires December 31, 2011, for all other eligible fuel types. Unused credits that qualify as general business tax credits, as defined by the Internal Revenue Service (IRS), may be carried backward one year and carried forward 20 years. For more information, see IRS Form 8911 and/or Form 3800, which are available via the IRS website. (Reference H.R. 4853, 2010, Section 711; and 26 U.S. Code 30C and 38B)

Point of Contact
U.S. Internal Revenue Service
Phone: (800) 829-1040
http://www.irs.gov/

The FuelPod 2, Fuel Pod 3, FuelMeister II, and our GPI pumps should be eligible for Federal Tax incentives of up to 50 percent.

Click here View the U.S. Department of Energy Alternative Fuels Website

Contact Neely Green for information about our equipment.



FUEL TAX INFORMATION

Federal (Internal Revenue Service)

The applicable diesel fuel tax rate is 24.4 cents per gallon. This tax is paid by submitting Form 720 Quarterly Federal Excise Tax Return. This also applies to biodiesel fuel which is considered a blended diesel fuel. The person that produces the blended diesel fuel, outside the bulk transfer / terminal system (blender), is liable for the tax which is imposed under IRC section 4081(b) upon sale or removal. Blended diesel fuel is any mixture of diesel fuel, with respect to which tax has been imposed and any other liquid (such as kerosene) which no tax has been imposed. The number of gallons of blended diesel fuel subject to the tax, is the difference between the total number of gallons of blended diesel fuel removed or sold, and the number of gallons of previously taxed diesel fuel used to produce the blended diesel fuel.

An exclusion from tax on the "blended taxable fuel" mixture is provided in Treasury Regulations section 48.4081-1(c)(1)(ii) for minor blending if: during any calenda quarter the removal or sale of the mixture in aggregate by the blender is less than 400 gallons.

http://www.irs.gov and go to publications/forms to Form 720 and Pub 510.


EMISSIONS INFORMATION

Federal (Environmental Protection Agency)

Coming Soon.