3 Jan 2025
⚡IRS Request for Comments on Electric Vehicle Credit Information Collection
Proposed Collection; Comment Request for Information Collection Tools Relating to the Qualified Electric Vehicle Credit
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning information collection requirements related to the qualified electric vehicle credit.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The proposed information collection by the IRS relates to the Qualified Electric Vehicle Credit, presenting compliance and regulatory requirements for businesses claiming the credit. This reflects potential financial impacts as businesses must gather specific data to secure these benefits.