Tuesday, December 19, 2006

Alternative Power Supply Units

Many trucks now have been outfitted with alternative power supply units. These units are normally tied into the main fuel supply for the truck. This means that on-road taxed fuel is being used in an off-road manner. The fuel used in the power supply would then be eligible for the fuel tax credit for the federal taxes paid in the price of the fuel.

The units usually have an hour meter on them measuring the use of the unit. The manufacturer can supply the gallons per hour usage of the machine. Proper documentation would mean that you would be eligible for the taxes paid on this fuel as a refundable credit.

If you would like more information give Jeff Lovelady at call 501.753.9700 or e-mail jeff.lovelady@bellandcompany.net.

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