Alternative Fuel Vehicle Refueling Property Credit – 26 U.S. Code § 30C
IRA Statuatory Location:
Tax Code Location:
26 U.S. Code § 30C
New or Modified Provision:
Extended and modified to include prevailing wage and registered apprenticeship requirements for businesses claiming the credit. Adds bidirectional charging equipment, charging equipment for 2- and 3-wheel electric vehicles. Limited to low-income and non-urban areas.
AFV refueling property
U.S. Department of Treasury
Provides a tax credit for alternative fuel vehicle refueling and charging property in low-income or non-urban areas. Alternative fuels include electricity, ethanol, natural gas, hydrogen, biodiesel, and others. The qualified alternative fuel vehicle refueling property must be for clean-burning fuels, as defined in the statute, and must be located in low-income or rural areas.
Direct Pay Eligibility:
Yes, for tax-exempt organizations; states; political subdivisions; the Tennessee Valley Authority; Indian Tribal governments; Alaska Native Corporations; and rural electricity co-ops.