KPMG report: Claiming retroactively reinstated renewable fuel incentives

Claiming retroactively reinstated renewable fuel

Renewable fuel incentives have been retroactively reinstated.

1000

Related content

Taxpayers may make a one-time claim related to biodiesel mixtures and alternative fuels sold for use or used during calendar years 2018 and 2019. Examples include propane or liquefied hydrogen used in forklifts, and compressed natural gas (CNG) or liquefied natural gas (LNG) sold for use in delivery trucks or buses.

Current claims for qualifying fuel may be made as often as weekly during 2020. A report from KPMG discusses the one-time claim rules and other renewable fuel incentives available to taxpayers.

Read a February 2020 report [PDF 77 KB] prepared by KPMG LLP: What’s News in Tax: Claiming retroactively reinstated renewable fuel incentives

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal