Obama Signs Nat Gas Tax-Extenders Legislation

Under the measure, signed by the president on Dec. 19, carriers who bought new trucks or other equipment in 2014 can take the full depreciation write-off, rather than spread such investments over three years.

The law also renews the expired 50-cents-per-gallon tax credit for those who fill trucks with natural gas, whether they are carriers or fuel suppliers.

Other credits renewed include one of up to $30,000 for those who build natural-gas fueling facilities, a $1 per barrel credit for biodiesel producers and a 50-cent-per-gallon tax credit for those who fill vehicles, including forklifts in warehouses, with propane.