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Alternative Fuel Excise Tax Credit

By March 26, 2013 No Comments

The federal government provides a tax credit  in the amount of $0.50 per gallon for the following alternative fuels: “compressed natural gas (based on 121 cubic feet), liquefied natural gas, liquefied petroleum gas, P-Series fuel, liquid fuel derived from coal through the Fischer-Tropsch process, and compressed or liquefied gas derived from biomass.”

For more information about this program, go here.