Alternative Fuel Tax Credit

A public hearing will be held on Thursday, October 25, 2012, at 10 a.m. to receive public comments on the department’s notice of intent to adopt LAC 61:I.1913 to provide guidance with respect to the income tax credit authorized by R.S. 47:6035 for taxpayers who purchase qualified clean-burning motor vehicle fuel property. The hearing will take place in the La Belle Room located on the first floor of the Louisiana Department of Revenue’s headquarters in the LaSalle Building, 617 North Third Street, Baton Rouge, Louisiana 70802.

This proposed Rule discusses the documentation that is required to claim the credit and provides information necessary to determine that certain types of alternative fuel vehicles are not eligible under the provisions of the statute to be treated as "qualified clean-burning motor vehicle fuel property" because the vehicles have only a single fuel storage and delivery system and retain the capability to be propelled by petroleum gasoline or petroleum diesel. The proposed rule can be viewed on the Department of Revenue website.

Interested persons may submit data, views, or arguments, in writing to Vanessa LaFleur, Director, Policy Services Division, P.O. Box 44098, Baton Rouge, LA 70804-4098, or by fax to (225) 219-2759. The Policy Services Division will accept written comments regarding the proposed rule amendments until 4:30 p.m., Tuesday, October 23, 2012