• A 50-cent per gasoline gallon equivalent (GGE) tax credit for Compressed Natural Gas (CNG)
and Liquefied Natural Gas (LNG) when used as a vehicle fuel.
• An investment tax credit for alternative vehicle refueling property, including natural gas
stations. This incentive covers 30% of the cost or $30,000, whichever is less.
Additionally, the incentive allows for a $1,000 tax credit for any home refueling unit.
The incentives are retroactive and run from January 1, 2010 to December 31, 2011. Not only will the Middle Class Tax Relief Act benefit the environment, but it will create an increase in jobs throughout the CNG industry. By encouraging the use of natural gas for transportation, the bill will help the industry grow, by increasing demand for CNG vehicles and fuel.
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