IRS Issues Guidance on Commercial Clean Vehicle Credit

Date: 12/20/2023

Type: Implementation of IRA

On December 20, 2023, Treasury and IRS issued guidance on incremental cost for the IRC section 45W commercial clean vehicle tax credit created by IRA section 13403. The guidance covers vehicles placed in service in 2024.

Opportunities for Participation and Additional Resources:

Notice: https://www.irs.gov/pub/irs-drop/n-24-05.pdf
Press Release: https://www.irs.gov/newsroom/irs-issues-guidance-on-the-incremental-cost-for-the-commercial-clean-vehicle-credit
IRS FAQs: https://www.irs.gov/pub/taxpros/fs-2023-29.pdf