Federal Tax Credit on Propane Products
The Section 45Z Clean Fuel Production Credit, established under the Inflation Reduction Act, offers a tax incentive for U.S. producers of clean transportation fuels, including propane, based on the fuel’s lifecycle greenhouse gas (GHG) emissions. Beginning in 2025, Section 45Z replaces the Section 40A and 40B tax credits for producing clean transportation fuel. The 45Z credit is available for fuels produced and sold between January 1, 2025, and December 31, 2027. For more, see the IRS guidance and FAQs on this credit.
Buy New & Used Propane Cylinders
Forklift Propane Exchange is a trusted propane supplier with 14 locations in 17 states. For pricing or to learn more about ourforklift propane tank exchange service, contact us today!