Alex Lewis

Sep 18, 2024 | lexology.com | Amish Shah |Mary Nicholson |Alex Lewis |Nicole Elliott |Bradley Seltzer |Elizabeth C. Crouse

The U.S. Department of the Treasury and IRS on Sept. 18, 2024, released proposed regulations under Section 30C of the Internal Revenue Code regarding the Alternative Fuel Vehicle Refueling Property Credit. The proposed regulations provide clarity on a number of issues and are open to public comment for 60 days. Section 30C was originally enacted by the Energy Policy Act of 2005 to provide a credit for the cost of qualified alternative fuel vehicle refueling property.