Driving a propane vehicle – What's new in Federal Tax Credits: Energy Policy Act of 2005 Tax Credits

The  Energy Policy Act of 2005  (Public Law 109-58) provides Federal income tax credits to promote energy conservation and the use of alternative fuels. In late May 2006, the IRS issued a guidance document about the alternative fuel credit for motor vehicles.  In late September 2006, the IRS issued the guidance document on the alternative fuel credits.  In early May 2007, the IRS issued their notice for the infrastructure tax credit.

Notice 2006-54, New Qualified Alternative Fueled Motor Vehicle Credit.  
 Summary of 2006-54 .  Explains the process to qualify vehicles for the alt fuel  vehicle tax credit and which kinds of vehicles are eligible.
IRS Notice 2006-54. The actual IRS notice.

Notice 2006-92, Alternative Fuel, Alternative Fuel Mixture Credit.
Summary of 2006-92 .  Provides guidance on the alternative fuel excise tax and the credit, and includes details regarding the mechanics for filing to claim the credit.
IRS Notice 2006-92 .  The actual IRS notice.
Forklift Operators Tax Credit.   This handy NPGA document describes the tax credits available to propane  forklift operators and how to obtain them.

Notice 2007-43, Alternative Fuel Vehicle Refueling Property Credit
Summary of 2007-43 .  Summary of the IRS interim guidance for the tax credit for alternative fuel vehicle refueling property, more commonly known as the infrastructure refueling tax credit.
IRS Notice 2007-43 .  The actual IRS notice.  IRS Form 8911  is available via the link.

For more information about propane vehicle tax credits click here.