Alternative Fuel Credit Extension Expected to Arrive Just Before Christmas

Many taxpayers in the transportation and manufacturing industries have been patiently waiting, like a child for Christmas, for an extension of the Alternative Fuel Credit. The credit expired on December 31, 2017, and it appears now the extension will become law this week when the Senate passes and President Trump signs the Tax Certainty and Disaster Relief Act of 2019 approved by the House on December 17. The credit enables taxpayers who use propane or liquefied petroleum gas for business equipment like forklifts, or compressed natural gas in vehicles, to receive a 50-cent per gallon credit.

When signed, the new law will reinstate the Alternative Fuel Credit retroactively to January 1, 2018. According to the directive, the IRS will provide guidance within 30 days of the effective date for a one-time submission of claims covering the period January 1, 2018 through September 30, 2019. The guidance permits a 180-day period for submission of these claims.

Schneider Downs will monitor this situation and provide an update when the IRS releases its guidance. Contact us in the interim with any questions you may have about the Alternative Fuel Credit or any other tax planning inquiries.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2020 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on

Selling Your Business to the Next Generation While Deferring Tax Liability and Supporting a Favorite Charity
PA Unemployment Compensation Benefits Charges Update
Tax BY Kirk Mitchell
Preliminary Observations on Tax Implications of 2020 Elections
Projected Estate and Gift Tax Changes Announced by the IRS for 2021
EU Provides Guidance on the New E-Commerce VAT Rules
The IRS Wants to Verify Your Identity—Wait, Is This a Scam?

Register to receive our weekly newsletter with our most recent columns and insights.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

contact us

Map of Pittsburgh Office

One PPG Place, Suite 1700
Pittsburgh, PA 15222
p:412.261.3644     f:412.261.4876

Map of Columbus Office

65 East State Street, Suite 2000
Columbus, OH 43215
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102