Date: 02/07/2024
Type: Implementation of IRA
On February 7, 2024, Treasury and IRS announced a temporary extension of time for the submission of seller reports under IRC sections 25E and 30D New and Previously-Owned Clean Vehicle Credits extended by IRA sections 13401 and 13402. For vehicles placed in service in calendar year 2023, required information about a qualifying clean vehicle sale must be submitted to the IRS by February 15, 2024 (extended from January 15, 2024).
Opportunities for Participation and Additional Resources:
Revenue Procedure: https://www.irs.gov/pub/irs-drop/rp-24-12.pdf