They Are Among the Organizations Seeking Restoration
Of Credit For Three Years, Counting the One About to End
Organizations including the American Trucking Associations and NGVAmerica have asked key members of Congress to reinstate incentives including the 50¢ per gallon tax credit for compressed natural gas and liquefied natural gas that was allowed to expire at the end of 2014.
They are also asking for reinstatement of credits for CNG and LNG gas fueling infrastructure.
“We appreciate your past support of natural gas and encourage you to consider the significant opportunity the Congress has to further promote the use of this abundant, domestic energy source as a transportation fuel in the American economy,” states the Monday letter.”
“We request your support for a three year extension (two years prospective, one year retroactive).”
An Incentive for Business and Individuals Both
In addition to ATA and NGVAmerica, the letter was signed by the American Public Gas Association, the National Waste and Recycling Association, the Solid Waste Association of North America, the Coalition for Renewable Natural Gas, and the Truck Renting and Leasing Association.
“The alternative fuel and infrastructure credits incentivize individuals and businesses to increase the use of natural gas as an alternative transportation fuel,” the letter states. “Having these credits in place on a multi-year basis (three years vs. two years) would significantly accelerate the adoption of natural gas vehicles in a variety of applications.
Extension Allows for Business Planning
“Such an extension allows for the necessary financial planning that will encourage fleets to adopt more of these vehicles.”
The groups further request an adjustment of the LNG fuel credit so that it is also based on a DGE/diesel gallon equivalent rather than a a volumetric gallon basis.
Also on the table: a 2,000-pound weight exemption for natural gas trucks.
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Source: ATA with Fleets & Fuels follow-up