Section 1 Extension and modification of alternative fuel and alternative fuel mixture credits
Extension and alternative fuel and alternative fuel mixture credits—
Alternative fuel credit— Section 6426(d)(5) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2016” and inserting “December 31, 2021”.
Alternative fuel mixture credit— Section 6426(e)(3) of such Code is amended by striking “December 31, 2016” and inserting “December 31, 2021”.
Outlay payments for alternative fuels— Section 6427(e)(6)(C) is amended by striking “December 31, 2016” and inserting “December 31, 2021”.
Alternative fuel credit allowed for fuel used in qualifying landscape equipment—
In general— Section 6426(d)(1) of such Code is amended by inserting “sold by the taxpayer for use as fuel in qualifying landscape equipment,” after “in aviation,”.
Qualifying landscape equipment— Section 6426(d) of such Code, as amended by subsection (a)(1), is amended by redesignating paragraphs (4) and (5) as paragraphs (5) and (6), respectively, and by inserting after paragraph (3) the following new paragraph:
“(4) Qualifying landscape equipment—For purposes of this subsection, the term “qualifying landscape equipment” means any equipment which—
“(A) is of a type used in landscaping or similar activities,
“(B) is powered by an engine capable of running only on alternative fuel, and
“(C) is not designed primarily for carrying or towing persons or loads from one place to another.”
Effective date— The amendments made by this section shall apply to fuel sold or used after December 31, 2016.