IRS Releases Guidance for Claiming 2015 Alternative Fuel Credit

Today the IRS issued its updated guidance for claiming the Alternative Fuel Credit for 2015.  Since this credit was extended retroactively by the Protecting Americans from Tax Hikes (PATH) Act of 2015, the propane industry has eagerly waited for the IRS to advise on how to claim the credit.

 The National Propane Gas Association (NPGA) provided this information, but is still waiting for official guidance on the new excise tax rates and claiming the credit for 2016. 

The updated guidance can be found here.