| In August 2022, NPGA played a critical role in the reinstatement of the Alternative Fuel Tax Credit. The credit is now available through December 31, 2024, and NPGA estimates it to be worth over $200 million annually to the propane industry. Claim the credit. Don’t leave money on the table. The Next Steps: 1) Share the Alternative Fuel Tax Credit document with your tax professional. This document is not tax advice. It is a tool for you to share with your tax professional. A tax professional can determine eligibility and use of the credit. 2) Keep in mind – the credit is available retroactively for 2022. There is a 180-day window to submit all retroactive claims. This one-time opportunity begins on October 13, 2022, and runs through April 11, 2023. 3) Share the document with your customers. 4) Forklifts are eligible to claim the Alternative Fuel Tax Credit. 5) Claim your tax credit. NPGA is sharing this document with all association members. It will also be available on the Member Dashboard of NPGA’s website. If you have any questions, please contact Michael Baker, NPGA’s Vice President of Legislative Affairs. |
