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Is alternative fuel credit extended?

1818 (August 16, 2022), commonly known as the Inflation Reduction Act, retroactively reinstated and extended the following fuel tax credits through December 31, 2024: Alternative fuel credit.

Are there any efforts to extend the biodiesel Blenders tax credit Program beyond 2022?

The credits are set to expire at the end of this year, but the Inflation Reduction Act would extend them through 2024.

What is the fuel tax credit scheme in Australia?

Fuel tax credits provides a credit for the fuel tax (such as excise or customs duty) that is included in the price of fuel. This includes fuel used in business activities such as: machinery. plant.

Will the alternative fuel infrastructure tax credit be extended?

The most recent time it expired was on December 31, 2021. It has since been renewed by The Inflation Reduction Act under Section 13404. The current law applies to EV charging equipment put into service after December 31, 2022, and expires December 31, 2032.

Can biofuel be renewed?

Biofuels-by their very nature-are renewable over a period of less than one year for those based on crops, crop residues, and animal wastes or about 35 years for those based on forest residues, as compared to the hundreds of millions of years for fossil fuels.

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