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  • Form It-241 Claim For Clean Heating Fuel Credit Tax Year 2021

Get Form It-241 Claim For Clean Heating Fuel Credit Tax Year 2021

Department of Taxation and FinanceClaim for Clean Heating Fuel CreditIT241Tax Law Section 606(mm)Submit this form with Form IT201, IT203, IT204, or IT205.Fiscalyear filers enter tax period: beginningand.

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Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel (B100) or renewable diesel produced or used in the blending process. Re-blending of blended biodiesel does not qualify for the tax credit.

Use Form 4136 to claim: A credit for certain nontaxable uses (or sales) of fuel during your income tax year. The alternative fuel credit. Aa credit for blending a diesel-water fuel emulsion.

How much is the credit? The credit is equal to one cent for each percent of biodiesel per gallon of bioheating fuel purchased before January 1, 2026. It may not exceed 20 cents per gallon.

In December of 2021, Governor Kathy Hochul signed legislation that requires all heating oil sold for use in any building in the state of New York to contain at least 5% biodiesel by July 2022.

B10 refers to a 10% blend, while B20 is a 20% blend. The National Biodiesel Board has trademarked the term BIOHEAT which includes the following categories: Bioheat – blends up to 5%; Bioheat Plus – blends 6-20%; Bioheat Super Plus – blends 21-100%.

Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel (B100) or renewable diesel produced or used in the blending process. Re-blending of blended biodiesel does not qualify for the tax credit.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232