January 03, 2024
The Federal Circuit on Wednesday denied a Philadelphia energy company $550 million in tax credits reserved for alternative fuels, becoming the third appellate court to conclude that a mixture of butane and gasoline doesn't qualify as an alternative fuel mixture.
November 07, 2023
Federal Circuit judges questioned a Philadelphia energy company's bid to revive its claim to $550 million in tax credits for making alternative fuel, saying during oral arguments Tuesday that the company faced several problems, including that its fuel mixture included taxable components.
December 08, 2022
A Philadelphia energy company should not be allowed to claim $550 million in tax credits reserved for alternative fuels for simply mixing butane into its gasoline, the government told the Federal Circuit on Thursday, urging it to uphold a U.S. Court of Federal Claims decision.
September 09, 2022
A Philadelphia energy company asked the Federal Circuit on Friday to overturn a lower-court decision denying it $550 million in tax refunds for alternative fuel mixtures tax credits, saying the court wrongly excluded butane from classification as an alternative fuel.