NGVAmerica President Testifies for 5-Year Alternative Fuel Tax Credit, Calls for Parity
NGVAmerica President Daniel Gage today testified before the U.S. House Ways & Means Tax Policy Subcommittee about the need for a 5-year extension of the alternative fuel tax credits (Internal Revenue Codes 6426 and 6427), and the alternative fueling infrastructure credit (Internal Revenue Code 30C). “If we want cleaner air we need cleaner trucks,” Gage told Chairman Vern Buchanan (FL) and subcommittee members. “We need federal incentives like these credits to encourage the r
Congress Passes Alternative Fuel Tax Credit Law
American Gas & Technology LP is very pleased by the passage by the U.S. Congress of an alternative fuel tax credit extension bill. The bill was signed into law by the President. This tax credit extension will continue to motivate fleet operators to use natural gas as its transportation fuel of choice. The credit is retroactive to 2015 and extends through 2016. It applies to liquefied natural gas (LNG) and compressed natural gas (CNG). For a more comprehensive treatment of t
