KPMG report: Claiming renewable fuel credits for 2015 | KPMG | GLOBAL

KPMG report: Claiming renewable fuel credits for 2015

KPMG report: Claiming renewable fuel credits for 2015

With the retroactive reinstatement of certain renewable fuel credits for 2015 and issuance of Notice 2016-5, taxpayers may now claim a one-time excise tax payment for alternative fuel sold for use or used in a motor vehicle or motorboat or used in aviation during 2015.


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Examples include propane or liquefied hydrogen used in forklifts, and compressed natural gas (CNG) or liquified natural gas (LNG) sold for use in delivery trucks or buses.

Taxpayers may also claim a one-time excise tax payment for production of qualifying biodiesel and renewable diesel mixtures in 2015.


Read a February 2016 report [PDF 144 KB] prepared by KPMG LLP: What’s News in Tax: 2015 Renewable Fuel Incentives

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