On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 into law that contained several positive provisions for propane. On October 3, 2008, former President George W. Bush signed the omnibus financial rescue package that contained three other high priority propane tax credit extensions. This article summarizes the favorable provisions in these two laws that will directly benefit the propane industry. This summary material is provided for informational purposes only; please consult a professional tax advisor to determine if these provisions apply to your specific tax situation.
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Tags: Alternative Fuel, Propane Tax Credits, Propane Motor Fuel, Propane Storage Equipment