U.S. Congress Passes Natural Gas Tax Credit Legislation

12/18/2015

Federal lawmakers have approved legislation that will extend expired tax credits for companies that use alternative fuels through the end of 2016. The Protecting Americans from Tax Hikes Act of 2015 approved Dec. 18 will extend several federal tax credits that expired in 2014, and make some subsidies permanent, according to an NGT News report. The package includes a two-year extension through Dec. 31, 2016 for compressed natural gas (CNG), liquefied natural gas (LNG), and propane autogas. Read more