"We ask your support for including a reinstatement of the $0.50/gallon alternative fuels tax credit (AFTC) in a fiscal year 2019 government spending package. The AFTC is a credit of $0.50 per gasoline gallon equivalent (GGE) of certain transportation fuels, including natural gas, liquefied petroleum gas, P Series Fuels, liquefied hydrogen and others.
" Extending the AFTC retroactively for 2018 and prospectively for 2019 will allow businesses and customers to continue to deploy cleaner alternative fuel technologies. A full five-year extension of the AFTC would provide business certainty along with a significant contribution to our nation's economic growth.
"Unfortunately, the credit has currently lapsed as of December 31, 2017 and many fleets, businesses, and manufacturers are unable to plan future investments as they manage current uncertainty. Immediately reinstating the AFTC for 2018 and 2019 is necessary to encouraging further deployment of new, clean transportation technology.
" Extending the AFTC will bring significant environmental benefits, improved air quality, and enhance our energy independence by lowering our dependence on foreign oil. Renewal of the AFTC also promotes increased private sector investment in infrastructure and equipment, which leads to more jobs and economic output." (Source: NGT News, Various Other Media, 15 Feb., 2019)
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