Developed by: Inflation Reduction Act
Federal Agency: Department of the Treasury
Excise Tax Credit
Description: To provide tax credits for alternative fuels.
Recipients: Registered producers
Timing: Extended from 12/31/2021 through 12/31/2024.
Amount:
- Base Credit Amount: $0.50 per gallon for alternative fuels and alternative fuel mixtures.
- Bonus Credit Amount: N/A
More information: Internal Revenue Service
