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Deductions & credits
Those federal credits go on IRS Form 8911. The District offers the following tax credits for alternate fuel infrastructure and alternative fuel conversions.
Alternative Fuel Infrastructure Credit
- The Alternative Fuel Infrastructure Credit is a credit of 50% of the allowable costs for the purchase and installation of an alternative fuel storage and dispensing or charging station at a private residence, or on non-residential property designed for use by the public.
- The credit shall not exceed $1,000 per station at a private residence and $10,000 per station on non-residential property designed for use by the public.
- Any unused credits can be carried forward for two years.
- More resources are available at the Office of Tax and Revenue
Alternative Fuel Conversion Tax Credit
- Businesses and individuals are eligible for an income tax credit of 50% of the equipment and labor costs for the conversion of qualified alternative fuel vehicles, up to $19,000 per vehicle.
- Qualified alternative fuels include, ethanol blends of at least 85%, natural gas, propane, biodiesel, electricity, and hydrogen. This incentive expires December 31, 2026. For more information, see the Office of Tax and Revenue website.
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‎February 16, 2024
5:58 PM