2018 Louisiana Individual Income Tax Update for Alternative Fuels Tax Credits

    Tax Season is upon us. Here's a quick reminder of new tax information in case you need a refresher for your 2018 Louisiana income tax return:

    Information regarding Louisiana's alternative fuel tax credits can be found in the document What's new for 2018 / Louisiana Individual Income Tax:

    Conversion of Vehicle to Alternative Fuel – Code 185 – Act 325 of the 2017 Regular Legislative Session changed the credit to a nonrefundable credit. For purchases of new motor vehicles, the credit is equal to 10 percent of the cost of the qualified clean-burning motor vehicle or $2,500, whichever is less. For conversions and fueling stations, the credit is equal to 30 percent of the cost of the qualified clean-burning motor vehicle fuel property. See Revenue Information Bulletin 17-016. (R.S. 47:6035) Use credit code 71F on Schedule F to report the Act 125 recovery amount."

    See Revenue Information Bulletin 18-008: Changes to the Alternative Fuel Vehicle Tax Credit for more information.

    For questions concerning this matter, please contact the Louisiana Department of Revenue's Policy Services Division at (225) 219-2780. For questions concerning a taxpayer’s return, please contact (855) 307-3893.

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