Clean energy tax credits in the Inflation Reduction Act became law in 2022 with no Republican votes. Today, many of the tax credit benefits go to red states.

However, under the proposal, the fuel tax credit (FTC) – a critical mechanism used by heavy vehicle operators to manage business cash flow – would then be abolished for the duration of the cut. At ...

Despite this increase, retail fuel prices remain unchanged ... the change will not affect consumers because OMCs will handle the additional tax burden. The backdrop to this decision is a significant ...

There will not be any change in retail fuel prices as local refiners will absorb the hike, Oil Minister Hardeep Puri told reporters. “They are in the pink of health. They will do well,” he said in New ...

In addition to higher thresholds for the standard deduction and the Earned Income Tax Credit, here are some credits you shouldn’t miss out on, according to the IRS: ...

In 2022, Gov. Eric Holcomb signed a law that offered state tax credits for certain elements of a production’s budget. But that solution isn’t the best fit for some producers, who can find ...

Specifically, the bill would authorize the tax credit for RNG used or sold as fuel for motor vehicles, motorboats, or aviation, and it would expand credit eligibility to certified blended RNG to ...

The proposed child tax credit, which would give a maximum of $1,000 per child ages 0 to 6, would allow for financial relief, the groups and individuals who signed the letter said. Along with that, ...

The ballooning state budget, which is also the Legislature’s responsibility, is the underpinning of Perez’s surprise call to lower the statewide sales tax from 6% to 5.25%, an idea that also ...

“As a result, the decision created significant issues for trucking businesses.” NatRoad CEO Warren Clark believes the industry’s Fuel Tax Credits must be protected should there be any excise cut in ...

WHITE PLAINS, N.Y., March 31, 2025--(BUSINESS WIRE)--OPAL Fuels Inc. (Nasdaq: OPAL), completed a sale of Inflation Reduction Act (IRA) investment tax credits for $8.9 million generated by the ...