Alternative Fuel Tax Credits Extended

February 10, 2018

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(Wisconsin Clean Cities) The Bipartisan Budget Act of 2018, signed into law by President Trump today, included provisions to extend a host of Alternative Fuel Tax Credits. The incentives originally expired on December 31, 2016, but were retroactively extended through December 31, 2017.

Among the credits included were:
• Alternative Fuel Excise Tax Credit
• Alternative Fuel Infrastructure Tax Credit
• Alternative Fuel Mixture Excise Tax Credit
• Biodiesel Income Tax Credit updated
• Biodiesel Mixture Excise Tax Credit
• Fuel Cell Motor Vehicle Tax Credit
• Qualified Two-Wheeled Plug-In Electric Drive Motor Vehicle Tax Credit
• Second Generation Biofuel Producer Tax Credit
• Second Generation Biofuel Production Property Depreciation Allowance READ MORE

The information in this list from the U.S. Department of Energy Alternative Fuels Data Center is updated after legislation is enacted.

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Congress Passes $300 Billion Bump in Federal Spending: Farm Bill & Tax Extenders (Environmental and Energy Study Institute)

Trump Signs Budget Bill With Relief for ‘Orphan’ Energy Technologies (GreenTech Media)

Energy tax credits in final budget deal (Utility Dive)

Renewable Energy Group Comments on Reinstatement of Federal Biodiesel Mixture Excise Tax Credit for 2017 (Renewable Energy Group/Global Newswire)

Biodiesel Tax Credit back in US budget deal (Biofuels Digest)

Budget bill retroactively extends biofuel tax credits for 2017 (Biomass Magazine/Ethanol Producer Magazine)

Budget deal includes 1-year U.S. biodiesel credit reinstatement; RINs rally (Reuters)

Alt-Fuel Tax Credits Extended in Newly Signed Bipartisan Budget Bill (NGT News)

Budget bill retroactively extends biofuel tax credits for 2017 (Biomass Magazine)

ABC: Budget act extends biogas, biomass PTC through 2017 (Biomass Magazine/American Biogas Council)

Agreement won't be last word on extenders (E&E News)

Grassley’s attempt to move Northey’s nomination fails (Tri-State Livestock News)

Biofuel Producers, Nuclear Power Get Boost in U.S. Budget Deal (Bloomberg)

Retroactive biodiesel tax credit signed into law for 2017 only (Biodiesel Magazine)

Senate puts clean energy subsidies in spending deal (Washington Examiner)

EXTENDERS TO COME UNDER MICROSCOPE (Politico's Morning Energy)

Excerpts from Washington Examiner: However, renewable fuel groups had mixed feelings about the retroactive tax credit extensions for their industry in the proposed two-year spending deal. The tax credits would apply to biodiesel and advanced renewable fuels produced last year, but the industry said the extension does little good for an industry that requires long-term subsidies.

“While we are pleased that both bills include extensions of these critically important tax incentives, the deal to only retroactively extend the provisions would be disastrous for the biofuel industry," said Ed Hubbard, the Renewable Fuels Association's general counsel.

"These incentives are designed to help drive investment and innovation in the biofuel industry, but by definition only extending them for 2017 does not allow them to have any prospective benefit for the industry," Hubbard said. "A one-year, retroactive extension does nothing to help grow the second generation biofuel industry, and in fact would send an unnecessarily negative signal to the marketplace.”

Other renewable industries, however, thought the inclusion of the extenders helped move them toward parity with other renewable energy resources. READ MORE

Excerpt from Politico's Morning Energy: Tax extenders will get reviewed during a House Ways and Means hearing on March 14, Pro's Aaron Lorenzo reports. The panel will weigh the pros and cons of continuing to renew the temporary tax provisions in the wake of the new tax law H.R. 1 (115) signed at the end of last year. Some provisions could stay in place and others could fall by the wayside, depending on their usefulness, Rep. Vern Buchanan told POLITICO. "The hearing we are announcing today is an opportunity to continue to improve our newly reformed tax code by thoroughly examining the policy underlying temporary provisions often called 'tax extenders,'" Buchanan said in a statement.

- Speaking of extenders: Maine Gov. Paul LePage sent this letter to the White House on the Biomass Thermal Utilization Act that was left out of the recent tax extenders package. READ MORE