Alcohol Fuel Credit (Federal)

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Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place United States

Name Alcohol Fuel Credit
Incentive Type Corporate Tax Credit
Applicable Sector Commercial, Industrial
Eligible Technologies Ethanol, Methanol
Active Incentive No

Implementing Sector Federal
Energy Category Renewable Energy Incentive Programs
Amount .40 to .60 per gallon















Maximum Incentive .60/gallon










Program Administrator U.S. Internal Revenue Service
Website http://www.irs.gov/pub/irs-pdf/p378.pdf
Date added to DSIRE 2002-03-15
Last DSIRE Review 2004-06-08



References DSIRE[1]


Summary

Businesses that sell or use alcohol as a fuel may be eligible for an income tax credit. The alcohol fuel credit consists of a straight alcohol credit, an alcohol mixture credit, and a small ethanol producer credit. Alcohol eligible for the credit includes methanol and ethanol. This includes methanol produced from methane gas formed in waste disposal sites.

Credits range from $.3926 to $.60 per gallon, depending on the proof and type of alcohol.

IRS Publication 378, Fuel Tax Credits and Refunds, provides information on the three tax credits. A business can take the alcohol fuel credit by completing Form 6478, Credit for Alcohol Used as Fuel, and attaching it to their income tax return. The IRS general web site listed below under "Contact" provides a "Forms and Publications Finder." Enter the form or publication name or number that you are interested in, and click on "GO" to receive the requested form or publication.


Authorities (Please contact the if there are any file problems.)

Authority 1: 26 USC § 40




















Incentive Contact

Contact Name Public Information - IRS
Department U.S. Internal Revenue Service

Address 1111 Constitution Avenue, N.W.

Place Washington, District of Columbia
Zip/Postal Code 20224
Phone (800) 829-1040



Website http://www.irs.gov
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"