Finanse publiczne · 08/04/2013

IRS Publishes 2012 Inflation Adjustment Factors, Fuel Credit, and Reference Price

The Internal Revenue Service (IRS) has published the required inflation adjustment factor, nonconventional source fuel credit, and reference price for calendar year 2012, as mandated by Section 45K of the Internal Revenue Code (26 U.S.C. 45K). These values will help determine the allowable credit under Section 45K for coke or coke gas (excluding petroleum-based products) for the 2012 tax year.