Treasury, IRS Release Proposed Regulations on Qualified Alternative Fuel Vehicle Refueling Property Credit
Posted by Kristin Re’ on October 22, 2024
On September 18, the IRS and the Treasury Department released proposed regulations regarding the credit for qualified alternative fuel vehicle refueling property under IRC Section 30C. Originally introduced in 2005, this provision was most recently updated by the Inflation Reduction Act of 2022. The changes apply to qualified refueling property placed in service between January 1, 2023, and December 31, 2032.
Written by Gabe Rubio, Jesse Tsai, Drew Norris. Copyright © 2024 BDO USA, LLP. All rights reserved. www.bdo.com
for more information
As a principal in our tax department, Kristin serves businesses and individuals. She works primarily with commercial entities in a variety of industries, including Partnerships, S-Corporations, and C-Corporations. She has also worked extensively with manufacturers and start-up companies. Kristin helps companies obtain various tax incentives to reduce tax liability and improve cash flow. Her focus is on various federal, state, and local business development incentives, including Start-Up New York, Excelsior Jobs Program, New York State Film Tax credits, and Federal Research and Development tax credits. She is involved with Firm recruitment and hiring, is a member of the Lumsden Manufacturing team, and serves as co-chair of the Firm R&D tax credit department.