August 8 deadline for claiming 2014 renewable fuel incentives

Claiming 2014 renewable fuel incentives

A reminder for those taxpayers eligible for certain renewable fuel incentives—the deadline for filing claims is August 8, 2015.

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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.

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

Taxpayers that do not file a one-time claim for the 2014 renewable fuel incentives by August 8, 2015, are reminded that they may be able to claim these incentives as income tax credits—these claims would be submitted with the taxpayer’s income tax return in accordance with the instructions to the income tax return form.

More information

Read Notice 2015-3 [PDF 29 KB] and a February 2015 report prepared by KPMG LLP: What’s News in Tax: 2014 Renewable Fuel Incentives


For more information, contact a tax professional with KPMG’s Excise Tax Practice group:

Taylor Cortright | +1 (202) 533 6188 |

Deborah Karet Gordon | + 1 (202) 533 5965 |

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