SECTION 4. EFFECT OF EXPECTED
Internal Revenue Bulletin 2007-49 · 2026-10-03 edition · updated 2026-10-04 · United States
TECHNICAL CORRECTION
Under current law, ethanol and methanol are excluded from the definition of alternative fuels qualifying for the alternative fuel credit or payment. The technical correction approved by the Senate Finance Committee would provide, in addition, that no other alcohol fuel is eligible for an alternative fuel credit or payment. If this technical correction is enacted it will be retroactive to October 1, 2006. Accordingly, if the technical correction is enacted and a taxpayer was allowed an alternative fuel credit or payment with respect to any alcohol fuel before the date of enactment, the taxpayer will be required
Note. This revenue procedure will be reproduced as the next revision of IRS Publication 1167, General Rules and Specifications for
Substitute Forms and Schedules.
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