E85 Fueling Sites to Grow with Tax Credit

The Internal Revenue Service (IRS) has recently published Form 8911 Alternative Fuel Vehicle Refueling Property Credit that provides the first federal income tax credit for the installation of E85 fueling systems.

The infrastructure development provision was part of the 2005 Energy Policy Act and provides a 30% federal income tax credit, up to $30,000 per property, to install alternative fuel dispensing systems. “The adoption of an infrastructure development credit in the Energy Bill has been the highest priority of the NEVC for the past four years,” said Phil Lampert, Executive Director of the National Ethanol Vehicle Coalition. “Additionally, we were concerned with the initial manner in which the IRS interrupted the law, but this final form clearly reflects the intent of the Congress that a vendor with multiple sites be able to utilize the credit at each property being upgraded to dispense E85.” The new federal income tax credit can also be used by units of government. This can be done by allowing the taxpaying installer to take the credit and indicate to the tax exempt the amount of the credit being provided to offset the total cost of the improvements. “We believe that this new incentive will provide a significant boost to E85 fueling stations across the country and ease operators’ concerns about the initial cost of the equipment,” said Lampert. Curtis Donaldson, Chairman of the NEVC stated, “While this new infrastructure tax credit can be used to advance all forms of alternative fuels, we feel that the greatest impact will be to assist our efforts to establish E85 fueling sites.”
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