ATA Seeks Extension of Tax Credits for Natural Gas Use in Trucking

ATA joined six other organizations calling for a three-year extension of the expired natural gas Alternative Fuel Excise Tax Credit and the Alternative Fuel Vehicle Refueling Property Credit. The provisions, which expired at the end of 2014, afforded tax credits of up to 30 percent of the cost of natural gas refueling equipment up to $30,000 and tax credits of $.50/gallon for both LNG and CNG. In a letter sent to the Finance and Ways and Means Committees, ATA and the other organizations seek retroactive tax credits for 2015 and an extension of the credits through 2017. In addition, ATA requested an adjustment of the LNG fuel tax credit so that it is based on a diesel gallon equivalent basis as opposed to a volumetric gallon basis. A copy of the letter can be viewed here. For more information, contact Glen Kedzie