Nearly 700 users, retailers, customers, fleet managers, utilities and producers of clean alternative transportation fuels joined Natural Gas Vehicles for America (NGVAmerica) to call on Congress to act on a reinstatement of the Alternative Fuels Tax Credit (AFTC), which would offer $.50 per gasoline gallon equivalent (GGE) on certain transportation fuels.
“The Alternative Fuels Tax Credit offers significant environmental benefits and improved air quality at a time when Congress seeks to press the issue front and center,” said Daniel J. Gage, President of NGVAmerica. “Close to 700 stakeholders cannot be wrong. The support for the AFTC reinstatement is broad with the understanding of the additional benefits that increase vital investments for economic prosperity.”
This incentive originally expired on December 31, 2016, but was retroactively extended through December 31, 2017, by Public Law 115-123. The signatories to the letter of request are seeking to have the tax credit apply retroactively to 2018 and prospectively for 2019 and beyond to strengthen investor confidence and business certainty, recognising the vital role cleaner fuels play in the U.S. economy.
The full text of the letter and signee list can be found here: http://bit.ly/AFTCExtensionLetter
NGVAmerica is a national organization of over 200 companies, environmental groups, and government organizations dedicated to the development of a growing, profitable, and sustainable market for vehicles powered by natural gas or biomethane. NGVAmerica member companies produce, distribute, and market natural gas and biomethane across North America, manufacture and service natural gas vehicles, engines, and equipment, and operate fleets powered by clean-burning gaseous fuels. Find out more at: www.ngvamerica.org.