This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Multistate Tax Alert: IRS Notice 2013-26 Supplements Earlier Refund Procedure Guidance for Certain Fuel Tax Credits

American Taxpayer Relief Act of 2012


DOWNLOAD  

Overview

The American Taxpayer Relief Act of 2012 (“ATRA”), signed into law by President Barack Obama on January 2, 2013, retroactively extended various termination dates applicable to certain federal alternative energy tax credits that had expired on December 31, 2011. In most cases, the credits were extended through the 2012 calendar year and are now scheduled to expire on December 31, 2013. Unlike prior retroactive extensions, no U.S. Congressional guidance was provided as part of the ATRA regarding the procedure for claiming credits related to qualifying sales or use during 2012. However, on February 1, 2013, the Internal Revenue Service (“IRS”) issued “Fuel Tax Credit Extensions Frequently Asked Questions” (“FAQs”) to provide guidance in this regard. On April 3, 2013, the IRS issued Notice 2013-26, supplementing the FAQs with additional guidance regarding the filing of credit claims for the first three quarters of 2012.

In this Tax Alert you can download we summarize the FAQs and Notice 2013-26.

To receive these alerts and stay connected, please sign up for our weekly newsletter State Tax Matters.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected