6 Jan 2025
🚗Hearing Notice for Alternative Fuel Vehicle Tax Credit Regulations
Section 30C Alternative Fuel Vehicle Refueling Property Credit; Hearing
Summary
This document provides a notice of public hearing on proposed regulations regarding the Federal Income tax credit under the Inflation Reduction Act of 2022 for certain costs relating to qualified alternative fuel vehicle refueling property that is placed in service within a low-income community or within a non-urban census tract.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The proposed rulemaking concerns the Federal Income tax credit for businesses that invest in alternative fuel vehicle refueling property within low-income communities. This has direct financial implications and compliance requirements for businesses aiming to qualify for this credit.