Savings & Incentives

Propane Autogas Federal Tax Credits are Available

Savings & IncentivesThe American Taxpayer Relief Act, signed into law by President Barack Obama on January 2, 2013, extended through 2013, propane specific-energy tax credits that had expired at the end of 2012. In addition to extending the tax credits through 2013, the provisions were also made retroactive for 2012.

These credits were:

  • A .50 tax credit was passed for all of 2014 in December of 2014 and legislation is working its way through Washington to extend the .50/gallon tax credit on fuel and the 30% of an alternative refueling station (up to $30,000) for all of 2015 and 2016

  • Alternative Fuel Tax Credit (50 cents per gallon, which includes propane used in forklifts)

  • Alternative Fuel Infrastructure Tax Credit (30% up to a maximum of $30,000) for the installation of refueling facilities.

Although the Tax Credits have currently ended for 2014, Industry expects to convince Washington to bring them back for a longer term so vehicle purchasers can protect savings for a longer period.

We encourage you to visit the following website for up-to-date information on this topic.