July 6, 2022   //   Tax   //   By PKF Mueller Solutions


Is significant fuel used regularly in operations or production?

Businesses making purchases for off-road and on-site use of the following fuel types may qualify for federal and state fuel tax credits.

Fuel Types:

  • Alcohol
  • Gasoline
  • Diesel
  • Biodiesel
  • Renewable Diesel
  • Diesel Water Fuel Emulsion
  • Blended Diesel
  • Other Alternative Fuels

Federal and state refundable fuel tax credits may be claimed on annual business income tax returns at a rate of up to $1.00 per gallon. Illinois fuel tax refunds may be obtained for a two-year look-back period by filing a simple one-page form.

For a free consultation, please contact:

Ellen Minnig, J.D., LLM Taxation, MSA
Tax Director
+1 847 773 0418

Ann Behrens, CPA, CVA
Tax Partner
+1 847 649 8178