Brown’s Bill to Modernize the Alternative Fuel Tax Credit Signed into Law

Measure Allows Vehicles that Run on Liquefied Petroleum Gas to Qualify for Alternative Fuel Tax Credit

DENVER—A measure that will help rural communities and the environment was signed into law on Thursday evening.

 

House Bill 1081, sponsored by State Rep. J. Paul Brown, brings the state’s alternative fuel tax credit in line with the federal definition of alternative fuels by including in the credit vehicles converted to run on a propane and butane mixture known as liquefied petroleum gas.

  

Vehicles that currently qualify for the alternative fuel tax credit are hybrid gas and electric vehicles, as well as vehicles that run on compressed natural gas, propane, ethanol or electricity.

 

“The measure is important to the state, especially rural parts like Southwestern Colorado.  Families and small businesses need all the help they can get with gas prices on the rise,” said Brown, R-Ignacio.  “By extending the alternative fuel tax credit to vehicles that use liquefied petroleum gas, more families and small businesses can use energy efficient vehicles that are more affordable.”

 

The tax credit is only available in the year the vehicle was bought or converted. 

The law goes into effect on Jan. 1, 2014.                  

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