OEOL.png
Thursday, February 22, 2024

Search


Search Our Site

New Law Offers $600 Credit for Heating System Upgrades

Oil-fired boilers and furnaces your company installs in 2023 and onward likely to qualify
Oil-fired boilers and furnaces your company installs in 2023 and onward likely to qualify Beginning next year, homeowners who have qualifying oilheat systems installed could be… https://oilandenergyonline.com/articles/all/new-law-offers-600-credit-heating-system-upgrades/

More Alright than Irate

Industry’s national associations respond positively to Inflation Reduction Act provisions
Industry’s national associations respond positively to Inflation Reduction Act provisions National associations serving the liquid heating fuel industry have responded positively… https://oilandenergyonline.com/articles/all/more-alright-irate/

New & Improved Financial Incentives for Blending Partners

What’s in the Inflation Reduction Act for biodiesel suppliers?
What’s in the Inflation Reduction Act for biodiesel suppliers? In August, President Biden signed into law the Inflation Reduction Act of 2022 (IRA). This legislation includes a… https://oilandenergyonline.com/articles/all/new-improved-financial-incentives-blending-partners/

Inside the SECURE Act

Recently enacted legislation could lead to lower cost employee benefits
The passage of the Setting Every Community Up for Retirement (SECURE) Act, which was signed into law in late December 2019, has the potential to make a significant impact on small… https://oilandenergyonline.com/articles/all/inside-secure-act/

IRS Issues Special One-Time Claim Procedures for Retroactive Tax Credits

The IRS has issued special one-time claim procedures — IRS Notice 2018-21 — for payment of the $1.00-per-gallon biodiesel blender credit, and the $0.50-per gallon alternative fuel credit and alternative fuel mixture credit. Congress retroactively reinstat…
The IRS has issued special one-time claim procedures — IRS Notice 2018-21 — for payment of the $1.00-per-gallon biodiesel blender credit, and the $0.50-per gallon alternative fuel… https://oilandenergyonline.com/articles/all/irs-issues-special-one-time-claim-procedures-retroactive-tax-credits/

Biodiesel Tax Credit Welcomed, But Uncertainty Lingers

In the early morning hours of Friday, February 9, Congress approved a $320 billion, two-year budget deal that funds the government through March 23. The bill included short-term extensions to certain business and individual tax provisions, or “tax exte…
In the early morning hours of Friday, February 9, Congress approved a $320 billion, two-year budget deal that funds the government through March 23. The bill included… https://oilandenergyonline.com/articles/all/biodiesel-tax-credit-welcomed-uncertainty-lingers/

Join Our Email List For Updates!

Enter your email to receive important news and article updates.