Diesel Fuel Credit

Diesel Fuel Credit means:
a one-time credit to the original purchaser of $100 for the purchase of a diesel-powered automobile, or of $198 for a van (weighing 10,000 pounds or less). Claimed on Former Federal Tax Form (check here if the Form is current) 4136, the depreciable basis is reduced by the claimed credit. For example, if a new diesel-powered van is purchased for $19,000, the basis is reduced by the $198 credit to $18,802. Former IRC (check if this IRC provision is current here) §4041.

See Tax Forms in the Encyclopedia.