taxes and clean fuel vehicles

[powerboatr]

the irs says we can deduct 5k for a new truck or van with a gross vehicle weight of 10k but not more than 26k
the defition of clean fuel is
Definitions
The following definitions apply throughout this chapter.

Clean-burning fuels. The following are clean-burning fuels.
Natural gas.

Liquefied natural gas.

Liquefied petroleum gas.

Hydrogen.

Electricity.

Any other fuel that is at least 85% alcohol (any kind) or ether.


so if run propane with my #2 fuel oil am i now a clean burn vehicle????
my emissions sticker says I am an Ultra Low Emissions Vehicle

irs publication 535
what happend to the diesel fuel credit of the past???

 

[W4RLR]

100 percent natural gas. 100 percent propane. 100 percent hydrogen. Electric. E85 gasoline. Or you can switch between these fuels and another fuel like a hybrid does, but since there are no EPA certified hybrids in our truck weight class, that option is out.

From the IRS Publication 535 Instructions:
The deduction for this property may be claimed regardless of whether the property is used in a trade or business.
Clean-fuel vehicle property. Clean-fuel vehicle property is either of the following kinds of property.

1. A motor vehicle (defined earlier) produced by an original equipment manufacturer and designed to be propelled by a clean-burning fuel. These include designated hybrid gas-electric automobiles which, at this time, only include the Ford Escape, Honda Insight, Honda Civic Hybrid, and Toyota Prius. Those designated automobiles do not qualify for the electric vehicle credit. For other than those designated automobiles, the only part of a vehicle's basis that qualifies for the deduction is the part attributable to:

a. A clean-fuel engine that can use a clean-burning fuel,
b. The property used to store or deliver the fuel to the engine, or
c. The property used to exhaust gases from the combustion of the fuel.

2. Any property installed on a motor vehicle (including installation costs) to enable it to be propelled by a clean-burning fuel if:

a. The property is an engine (or modification of an engine) that can use a clean-burning fuel, or
b. The property is used to store or deliver that fuel to the engine or to exhaust gases from the combustion of that fuel. For vehicles that may be propelled by both a clean-burning fuel and any other fuel, your deduction is generally the additional cost of permitting the use of the clean-burning fuel.

So if you can make the diesel run on a 100 percent "clean fuel", you can take the credit.
That is the way I understand the way the credit works. I am not a tax attorney or accountant, the closest I came to being a "tax expert" was beta testing this year's version of TurboTax.

The enviromental lobby has made diesel users evil incarnate. So we don't get the "green" credit for fuel savings and clean air anymore.