The House Ways and Means Committee on September 15 approved tax and spending reconciliation legislation that includes fuel excise tax related provisions. Specifically, the bill language includes the reinstatement of the hazardous substance superfund fee on crude oil and petroleum product imports, the creation of a nonrefundable income tax sustainable aviation fuel mixture credit and a refundable excise tax credit and payment for sustainable aviation fuel mixture credits, and an extension of the biodiesel mixture credit, alternative fuel mixture credit, and alternative fuel credits through December 31, 2031.
Source PwC
Latest Posts in "United States"
- 2026 Sales Tax Trends: Digital Expansion, State Reforms, and Key Compliance Challenges Ahead
- U.S.–Taiwan Agreement on Reciprocal Trade: What the AIT‑TECRO ART Does
- Do Montana, Oregon, Alaska, Delaware, and New Hampshire Have or Plan to Add Sales Tax?
- Sales Tax Essentials for Drop Shipping: What E-commerce Businesses Need to Know
- Norway’s EV Revolution: What Happens When Electric Cars Dominate and Incentives Fade
