Tax Credits Extended

From Richard Kolodziej, President of NGVAmerica:

Sent: Tuesday, January 01, 2013 8:35 PM
Subject: Congress Extends Fuel and Infrastructure Tax Credits

Tonight, Congress passed the American Taxpayer Relief Act to avert the “fiscal cliff”. Included in that legislation was a one-year extension of a large number of tax credits – including the tax credit for the sale of CNG and LNG for vehicle use and for the installation of natural gas fueling equipment. Specifically, this is the 50 cent per GGE tax credit for CNG, 50 cent per gallon tax credit for LNG and the $30,000 infrastructure tax credit. The tax credits are extended until December 31, 2013 and ARE RETROACTIVE FOR ALL OF 2012. The President said he will sign the bill. More details will be included in our weekly newsletter.

A really great start to 2013! Happy New Year!

Rich