Extension of Tax Credit for Alternative Fuels – 26 U.S. Code § 6426(d), 26 U.S. Code § 6426(e), 26 U.S. Code § 6427€
IRA Statuatory Location:
Tax Code Location:
26 U.S. Code § 6426(d), 26 U.S. Code § 6426(e), 26 U.S. Code § 6427
New or Modified Provision:
Extended from 12/31/2021 through 12/31/2024.
Clean fuel producers
U.S. Department of Treasury
To provide tax credits for alternative fuels. (If specific requirements are met, excess credit under § 6426(d) may be made as a payment under § 6427(e))
Direct Pay Eligibility:
Fuels eligible for the biodiesel mixture excise tax credit or the income tax creditsunder sections 40A or 40B (sustainable aviation fuels) are not eligible for the alternative fuels oralternative fuels mixture excise tax credits.
Energy Community Bonus:
Related ResourcesAdditional information is available on the Resources page.
Period of Availability
Excise tax credit
Base Credit Amount:
$0.50 per gallon for alternative fuels and alternative fuel mixtures.
Bonus Credit Amount: