N-20-08: Biodiesel and Alternative Fuels; Claims for 2018-2019

15 Jan 2020 2:27 PM | Anonymous

Notice 2020-08 provides the rules that claimants must follow to make a one-time claim for the credits and payments for biodiesel (including renewable diesel) mixtures and alternative fuels sold or used during calendar years 2018 and 2019.  The notice also provides instructions for how a claimant may offset its taxable fuel liability with the alternative fuel mixture credit for 2018 and 2019, and provides instructions for how a claimant may make certain income tax claims for biodiesel, second generation biofuel, and alternative fuel.  The credits had expired on December 31, 2017, but were retroactively reinstated as part of the Further Consolidated Appropriations Act of 2020.

Notice 2020-08  will be in 2020-07, dated February 10, 2020.

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