Congresswoman Lizzie Fletcher Proposes Tax Credit To Incentivize the Use of Natural Gas
Washington, November 14, 2019
Tags: Energy & Environment
(Washington, DC) – Today, Congresswoman Lizzie Fletcher (TX-07) and Congressman Markwayne Mullin (OK-02) introduced H.R. 5089, the Alternative Fuel Tax Credit (AFTC) Extension Act of 2019, which extends the $0.50 per gallon excise tax credit on alternative fuel used as motor fuel, including compressed, liquefied, and renewable natural gas, among others.
“This tax credit encourages investments in cleaner fuel options for vehicle use. The AFTC incentivizes innovation of alternative fuels, like natural gas, which leads to lower costs and reduced greenhouse gas emissions through these cleaner-burning fuels,” said Congresswoman Fletcher. “I thank Congressman Mullin for joining me to introduce this legislation and I look forward to continuing our work on this important issue.”
Congresswoman Fletcher is a co-chair of the bipartisan Congressional Natural Gas Caucus. Natural gas is critical to reducing emissions in many sectors. Texas produces an average of 19.7 billion cubic feet of natural gas per day. Natural gas vehicles produce 30 percent fewer greenhouse gases than gasoline- or diesel-powered vehicles and reduce nitrogen oxide (NOx) emissions by as much as 95 percent.