In this issue of the
Monday Morning Messenger
, TPGA reminds you of a very important tax filing deadline in our
Top Story
of the morning. At the very end of 2019, the alternative fuel tax credit was reinstated for 2020, including retroactively for 2018 and 2019. Did you claim your back credits yet? The deadline to claim is coming up.
The Texas Propane Gas Association runs through current CDL exemptions, and when you need to begin renewing your hazmat endorsements (HMEs) even with the exemption.
CDL HME holders have a new perk when flying. Find out more in our third story of the morning.
NPGA has scheduled a series of webinars for members on propane supply. Learn more about the first webinar in the series by reading our last story of the morning.
Don't forget to check out our
Quick Links
section. Get to news, reminders, products, and resources within a click. Check out some of our NEW links.
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In this issue
- In Brief
- Important Alternative Fuel Tax Credit Update
- Texas CDL Update
- New HME Holder Perk
- NPGA Supply Update
- Quick Links
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Calendar
July 20-31, 2020
July 21, 2020
July 23-25, 2020
2020 Crossroads Propane
Expo & Conference
CANCELLED
July 27, 2020
August 3-31, 2020
August 7, 2020
August 11, 2020
Retroactive Alternative Fuel
Tax Credit Filing Deadline
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Deadline to Claim Your Retroactive
Alternative Fuel Tax Credits Nearing
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There is less than a month left to claim retroactive alternative fuel tax credits for 2018 and 2019. The credits were reinstated retroactively for 2018 and 2019 under the Taxpayer Certainty & Disaster Tax Relief Act and signed into law by the President at the end of December 2019.
The IRS provided a 180-day period for companies to claim the retroactive tax credits. The last date the companies can file for the 2018 & 2019 credits is
August 11, 2020
. Retroactive claims received after August 11, 2020, will
not
be processed by the IRS.
Each claimant must claim all 2018 - 2019 alternative fuel incentives for which the claimant is eligible on a single Form 8849 along with
Schedule 3 (Form 8849)
, which was updated on
Irs.gov
earlier this year.
Reminder.
You must claim credits using the Gas Gallon Equivalent (GGE). 1 gallon of gasoline = 1.353 gallons of propane.
Page 3 of Schedule 3 (Form 8849) gives an example of a claim for LPG.
IRS example claim.
10,000 gallons of LPG ÷ 1.353 = 7,391 GGE x $0.50 = $3,695.50 claim amount.
Click here
for the original notice from the IRS on how to claim.
At the end of 2019, the alternative fuel tax credit was also extended for 2020. In next week's
Messenger
, we will remind everyone how to claim the 2020 credit.
For help completing the tax forms or specific questions on the forms, please contact a qualified CPA or a tax professional.
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Commercial Driver's License Update
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The Federal Motor Carrier Safety Administration (FMCSA) is allowing state drivers’ license offices to allow CDL holders to operate with
expired CDL’s
and
expired medical cards
until
September
30, 2020
.
However, for
hazmat endorsements (HME)
, TSA states if HME expires between March 1, 2020 - July 31, 2020, there is an automatic 180-day extension from expiration.
However, the HME holder must return to the driver license office 60 days before the extension expires to begin the renewal process.
For example
, if the HME expires May 1, 2020, the 180-day exemption is good until October 31, 2020. The HME holder must return to the driver license office to begin the renewal process no later than August 31, 2020.
Although waivers are in place, while the Texas Department of Public Safety has resumed normal operations, TX DPS is accepting drive license applications including renewals by appointment.
Click here
for appointments. Appointment availability may be limited based on your geographic location.
Click here
for FAQ’s or feel free to call us at (800)325-7427 with any questions.
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CDL Hazmat Endorsement Holders
Have a New Perk at Airports
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Speaking of CDL Hazmat Endorsements (HME), this month, the TSA expanded its
TSA Precheck Program
allowing hazardous materials endorsement holders who are citizens, nationals, or permanent residents of the United States to take advantage of TSA Precheck at airports.
TSA Precheck is an expedited screening program that allows travelers to leave on their shoes, light outerwear and belt, keep their laptop in its case, and their food and 3-1-1-compliant liquids/gels bag in a carry-on, in select TSA airport checkpoint screening lanes.
HME holders can obtain Precheck expedited screening by entering the identification numbers printed on their state-issued CDL during the airline reservation process. Active HME holders enter the two-letter state abbreviation and CDL identification number from their state-issued commercial driver’s license in the appropriate field.
This same perk is extended to TWIC card holders as well.
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Register Now for NPGA’s July 21 Supply Webinar Series: Preparing for Peak Demand
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NPGA’s Propane Supply & Logistics Committee is hosting a series of webinars over the summer to educate the propane industry.
The first webinar – scheduled for Tuesday, July 21 at 1 p.m. Central Time -- will focus on preparing for peak demand. With crude prices down and drilling budgets cut, the decline in liquids-rich, associated gas production from crude-focused plays has translated directly into a lower volume of NGLs produced — thus reducing propane supplies. And while global petrochemical demand for propane is down, significant export volumes have continued to move to those markets. That creates the potential for much tighter markets this year, particularly if it’s cold winter. Along with that could come challenges to get supplies to the right markets at the right time.
In this webinar, NPGA invited guest speakers will present an overview of the current production and demand as well as discuss the implications of the current situation for supply planning and downstream logistics management.
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Catch up
Association, Regulatory & Legislative News
through one of our many communications channels
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Propane Service Corporation
New LP Gas Safety Rulebooks
New editions of
NFPA 54 ('18) & NFPA 58 ('17)
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ProCOT Wall Calendar Orders
Due August 7, 2020
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Follow us on Social Media
for TPGA reminders & updates
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