IRS Releases 30C Tax Credit Guidance

On January 19^th, the IRS released guidance on the 30C tax credit. As you may recall, NPGA’s legislative and state leadership team briefed the members in 2022 and 2023 regarding the 30C tax credit, which provides a significant tax credit for alternative fuel infrastructure. The updated guidance notes that a credit of up to 30% on qualified refueling infrastructure is available if the infrastructure is placed in low income or rural census districts and placed in service between January 1, 2023 and December 31, 2032. This credit is different than the credit for the fuel itself, and different from the charging infrastructure grant program. The credit may be claimed by filing form 8911 with the IRS.

Questions? Please contact Vice President for Regulatory & Industry Affairs Benjamin Nussdorf.