🏭Approval of Subzone Status for Cummins Inc. in Pennsylvania
The Foreign-Trade Zones Board has approved an application for subzone status for Cummins Inc. in Irvine, Pennsylvania, under FTZ 247. This status allows Cummins to benefit from regulatory advantages, potentially impacting its operations and competitiveness in the market. The approval is subject to existing activation limits and FTZ regulations.
Learn More📦Foreign-Trade Zone Application for SNRA Commodities in Fabens, Texas
The Department of Commerce has formally docketed an application for subzone status at SNRA Commodities, Inc., located in Fabens, Texas. This application, submitted by the City of El Paso, is part of the Foreign-Trade Zones Act and invites public comments on the proposed production activities and operational details of the subzone.
Learn More⚡IRS Cancels Hearing on Alternative Fuel Vehicle Tax Credit Regulations
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.
Learn More🏭Approval of Subzone Status for Premium Guard in Weirton, WV
The Foreign-Trade Zones Board has approved subzone status for Premium Guard, Inc., located in Weirton, West Virginia, enhancing its operational capabilities. The approval is subject to existing activation limits set by FTZ 240 and adheres to the FTZ Act and regulations, granting the company favorable trade conditions.
Learn More🚗Proposed Regulations for Section 45W Credit on Clean Vehicles
This document contains proposed regulations that would provide guidance on the qualified commercial clean vehicle credit enacted by the Inflation Reduction Act of 2022. These proposed regulations would affect eligible taxpayers that place a qualified commercial clean vehicle in service during a taxable year. These proposed regulations would also affect manufacturers of qualified commercial clean vehicles.
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