Reminder: 2014 renewable fuel incentives; 8 August deadline

Reminder: 2014 renewable fuel incentives; Aug. deadline

The retroactive reinstatement of certain renewable fuel incentives is an opportunity for eligible taxpayers to claim excise tax payments or credits. Taxpayers may be eligible to claim the one-time excise tax payment for alternative fuels and biodiesel mixtures for 2014, the income tax credit for the biodiesel fuel credit, the small agri-biodiesel production credit, and the second generation biofuel production credit for 2014.


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A claim for the one-time excise tax payment for alternative fuels and biodiesel mixtures for 2014 must be filed by 8 August 2015. Taxpayers claiming the alternative fuel incentives or alternative fuel mixture credit must be registered by the IRS.

Read a February 2015 report [PDF 165 KB] prepared by KPMG LLP: What’s News in Tax: 2014 Renewable Fuel Incentives

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