Alternative Fuel Tax Deduction
Expired: 12/31/2007
Corporations that sell alternative fuels are allowed a deduction from the gross earnings from sales reported in the corporations' tax returns. The deduction is equal to the total of gross earnings from the sale of alternative fuels when used as motor fuel to operate motor vehicles and when separately metered. This incentive is effective until December 31, 2007. (Reference Rhode Island Code 44-13-5)
Jurisdiction: Rhode Island
Type: State Incentives
Technologies: Biodiesel, Ethanol, EVs, Hydrogen Fuel Cells, Natural Gas, PHEVs, Propane (LPG)
See all Rhode Island Laws and Incentives.