14 Feb 2025
⚡IRS Cancels Hearing on Alternative Fuel Vehicle Tax Credit Regulations
Section 30C Alternative Fuel Vehicle Refueling Property Credit; Hearing Cancellation
Summary
This document cancels a 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 cancellation of the public hearing regarding the Section 30C Alternative Fuel Vehicle Refueling Property Credit signals a significant shift in tax regulations that could affect eligibility and application processes for businesses seeking credits related to alternative fuel infrastructure. This impacts compliance and potential financial assistance for eligible businesses.