Fuel Tax Credit Extensions
The American Taxpayer Relief Act of 2012 (Pub. L. 112-240) retroactively extends certain fuel tax credits that expired on Dec. 31, 2011. The retroactively extended fuel tax credits are the biodiesel mixture credit, biodiesel credit, alternative fuel credit, and the alternative fuel mixture credit. These credits are now scheduled to expire on Dec. 31, 2013.
These Q&As tell taxpayers how to claim the credits for qualifying sales or uses during 2012. It also describes changes to the cellulosic biofuel credit for 2013.
Until further notice, Forms 720, Quarterly Federal Excise Tax Return, and Forms 8849, Claim for Refund of Excise Taxes, that contain claims for the biodiesel mixture credit (including renewable diesel mixtures), alternative fuel credits, and alternative fuel mixture credits, should only be filed on paper tax forms.
More information on qualifications for the credits is on Form 720, Quarterly Federal Excise Tax Return; Form 720X, Amended Quarterly Federal Excise Tax Return; Form 4136, Credit for Federal Tax Paid on Fuels; Form 6478, Alcohol and Cellulosic Biofuel Credit; Form 8849, Claim for Refund of Excise Tax; and Form 8864, Biodiesel and Renewable Diesel Fuel Credit.