TITLE 26. INTERNAL REVENUE CODE § 30C. Alternative fuel vehicle refueling property credit. [Effective January 1, 2025], 26 USCS § 30C

Summary

(a) Credit allowed. There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent (6 percent in the case of property of a character subject to depreciation) of the cost of any qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year.

(b) Limitation. The credit allowed under subsection (a) with respect to any single item of qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year shall not exceed—

(1) $100,000 in the case of any such item of property of a character subject to an allowance for depreciation, and

(2) $1,000 in any other case.

(3) Property required to be located in eligible census tracts.

(A) In general. Property shall not be treated as qualified alternative fuel vehicle refueling property unless such property is placed in service in an eligible census tract.

(B) Eligible census tract.

(i) In general. For purposes ...