Insights & Resources

The U.S. Department of the Treasury and Internal Revenue Service have issued long-awaited guidance for the 45Z Clean Fuel Production Credit.

Discover how gas stations with c-stores qualify for bonus depreciation under the retail motor fuel outlet exception.

Federal and state governments issued fuel tax relief after Hurricane Helene, including IRS dyed diesel penalty waivers, temporary licensing and IFTA suspensions.

Undyed diesel fuel that is exempt from the Florida fuel tax by way of refund is subject to the Florida sales and use tax, a Florida administrative court found.

The first update since 1987 reflects technological advances in the energy industry and defines certain energy property added as part of the Inflation Reduction Act.

The IRS released guidance on the prevailing wage & apprenticeship requirements for increasing the amount of many IRA credits and the deduction under IRC § 179D.

A number of states have updated their motor fuel tax rates and related fees effective in the first quarter of 2023.

The IRS has issued guidance on new sustainable aviation fuel tax credits that take effect on January 1, 2023. The guidance, Notice 2023-06, includes the following:

The IRS has issued guidance to taxpayers regarding claiming the alternative fuel tax credits for the first three quarters of 2022.

The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.