Treasury issued a Request for Comments to help it develop guidance to implement the IRC section 45W tax credit for qualified commercial clean vehicles and the section 30C credit for alternative fuel vehicle refueling property. The deadline to submit initial comments was December 3, 2022.
For the 45W credit, the request asked for comments on factors to be considered in determining whether a vehicle is “comparable in size and use,” what guidance is necessary to clarify the definition of mobile machinery, what aspects of the section 30D rules should apply for 45W, and how “significant extent” should be defined in the context of the requirement that a vehicle be propelled by an electric motor powered by a battery, among other questions.
For the 30C credit, the request asked for comments on whether guidance is required to clarify the meaning of “property of a character subject to an allowance for depreciation,” the definition of “single item,” factors to inform guidance on bidirectional charging equipment eligibility, and guidance necessary to determine eligible census tracts, among other questions.