1 / 8

GOVERNMENT AFFAIRS INITIATIVES: Regulatory

GOVERNMENT AFFAIRS INITIATIVES: Regulatory. October 9, 2006. Outline. IRS Tax Credits EPAct Implementation Private & Local Government Fleet Rulemaking OBD II Requirements Renewable Fuel Standard. IRS - Vehicle Tax Credits. Guidance issued in June - Notice 2006-54

kelii
Télécharger la présentation

GOVERNMENT AFFAIRS INITIATIVES: Regulatory

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. GOVERNMENT AFFAIRS INITIATIVES:Regulatory October 9, 2006

  2. Outline • IRS Tax Credits • EPAct Implementation • Private & Local Government Fleet Rulemaking • OBD II Requirements • Renewable Fuel Standard

  3. IRS - Vehicle Tax Credits • Guidance issued in June - Notice 2006-54 • Clarifies that aftermarket conversions qualify • Establishes voluntary certification process for manufacturers • Emission standards – does not provide additional guidance on “cleanest available technology” • Issues unresolved: • Application to leases • Recapture • AMT applicability (continued)

  4. IRS – Fueling Station Credit • Guidance has not been issued - identified for possible release • Form 8911, “Alternative Fuel Vehicle Refueling Property Credit” – available • Instructions clarify that credit may be taken for more than one refueling property • Maximum of $30,000 (or $1,000) per property • Not clear if multiple dispensers at single location qualify • Not clear if upgrades to stations qualify (continued)

  5. EPAct Implementation • Electric utility exclusion • Alternative Compliance Program • EPAct Implementation Report • Federal fleet fuel use requirements • GSA Cost Allocation requirements

  6. Private & Local Government Fleet Rulemaking • Background – court case, ruling • Replacement fuel goal proposed • Hearing held October 2 • Comments due November 3 • Fleet determination next year

  7. OBD II Requirements • EPA rules require full OBD compliance for aftermarket conversions • MY 2005 LDVs (effectively MY 2007 – now) • MY 2007 HDVs (effectively MY 2010) • Previously EPA provided some relaxation of requirements • Full compliance costly, burdensome • White Paper – looks at difficulties of requirements, opportunities for relaxation

  8. Renewable Fuel Standard • EPAct 2005 provision for renewable fuel • Requires 7.5 billion gallons of renewable fuel by 2012 • Responsibility primarily for refineries • Credit trading program • Allows refineries to buy and sell credits • Credits based on gallon requirements • NG produced from renewable sources qualifies for credits if used as motor vehicle fuel • Comments due November 2006 – expect to support ability of NG fuel to earn credits

More Related