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Propane and natural gas groups ask Congress to extend alternative fuel tax credit

December 21, 2017 By    

More than 300 organizations representing users, retailers, customers, fleet managers, utilities and producers of alternative fuels, including natural gas and propane, are circulating a letter on Capitol Hill urging Congress to reinstate the 50-cent-per-gallon alternative fuels tax credit (AFTC).

The National Propane Gas Association (NPGA) and Natural Gas Vehicles for America (NGVAmerica) are working together to reinstate the AFTC, which benefits both industries.

According to the letter, “Extending the AFTC promotes increased private-sector investment in infrastructure and equipment, which leads to more jobs and economic output. Renewal of the AFTC also will bring significant environmental benefits and enhance our energy independence by lowering our dependence on foreign oil.”

The letter asks Congress to extend the AFTC for two years, highlighting the business planning benefits and notes that a full five-year extension would provide business certainty combined with a significant contribution to America’s economic growth.

Nearly 200,000 vehicles in the United States are powered by propane, including 12,000 school buses that transport more than 700,000 school children every day, according to NPGA and NVGAmerica.

“This year, the United States will produce more than 20 billion gallons of propane, the majority of which is derived from natural gas processing,” says Rick Roldan, president and CEO of NPGA. “We have more than enough propane to heat homes and fuel vehicles. Congress should support reinstating the AFTC and the use of our domestic natural resources.”

About the Author:

Clara Richter was a managing editor at LP Gas magazine.

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