|
Remote Tank Level
Monitoring System
Do you own
your propane tank and are afraid of leaving your home for a weekend or a
vacation during the winter? Tired of trudging through the snow to check your
tank? Capitol Propane, LLC now offers a remote tank level monitoring system
service and it doesn’t matter who you buy your propane from (although we will
gladly quote you a price for delivery).
The Centeron Residential Propane
Monitoring system consists of a gauge monitor mounted on the tank and a
controller unit installed inside the house. The propane level in the tank is
monitored and transmitted to a web site monitored in our office. You will then
be notified when the propane level reaches a percentage predetermined by you.
Another unique feature of this system is that it monitors the temperature inside
the house. An emergency notification appears on our screen should the
temperature register outside normal operating parameters.
The annual service
fee is surprisingly economical with the first year fee including installation
and activation. For more information contact our office at 740-548-6685 or toll
free a 1-888-271-8499. For a limited time we will do a complete Gas Check on
your propane system, free of charge, with your order of this service (an $85.00
value).
Tax Credit Available for Propane Forklift Operators
Taken from the National Propane Gas Association
website of which the full text can be found here:
http://www.npga.org/files/public/IRS_Forklift_Fuel_Tax_Credit.pdf
.
In 2005, Congress enacted the Safe, Accountable,
Flexible and Efficient Transportation Equity Act of 2005, otherwise
known as the Highway Bill (P.L. 109-59). Among other things, the
legislation modestly increased excise taxes on alternative fuels
while at the same time creating a 50 cent/gallon credit for
alternative fuels, including propane, used in motor vehicles. These
provisions went into effect on October 1, 2006. The ultimate goal of
the legislation was to encourage the use of alternative fuels.
Congress did increase the federal excise tax on most fuels,
including propane, although propane received the smallest increase –
the tax on propane went from 13.6 cents/gallon to 18.3 cents/gallon.
Moreover, it should be emphasized that sales of propane for use in
forklifts remain exempt from the federal excise tax on motor fuels.
In providing further guidance regarding the
legislation, the Internal Revenue Service (IRS) made clear that
forklifts fit the definition of an off-highway business motor
vehicle and hence fuel used in a forklift is eligible for the 50
cent/gallon credit. Moreover, the IRS indicated that in this
instance it is the end user, namely the forklift operator, who is
entitled to apply for the credit, not the propane marketer.
Therefore, forklift operators should be aware that the fuel they use
for forklift operation will be eligible for a 50 cent/gallon credit
assuming they take appropriate steps to properly register with the
IRS.
As a first step, forklift operators need to file
Form 637 with the IRS in order to be registered as an “Alternative
Fueler.” IRS will then issue a registration number identifying the
forklift operator as an Alternative Fueler. After receiving a
registration number, the forklift operator can file a claim for the
credit at the end of the year by filing Form 4136. If the
alternative fuel excise tax credit exceeds the excise tax liability,
the forklift operator may be able to claim an alternative fuel
income tax credit (or refund) under certain circumstances.
This discussion is for information purposes. The
discussion is not intended, and cannot be relied upon, as tax
advice. We urge forklift operators to consult their own tax advisers
regarding claims for credits or refunds. Relevant IRS forms may be
viewed and downloaded by going to
www.irs.gov/formspubs/index.html. |
