26 USC 30C - Alternative fuel vehicle refueling property credit

U.S Code last checked for updates: Nov 22, 2024

§ 30C.

Alternative fuel vehicle refueling property credit

(a)

Credit allowed

(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.

(c)

Qualified alternative fuel vehicle refueling property

For purposes of this section—

(1)

In general

The term “qualified alternative fuel vehicle refueling property” has the same meaning as the term “qualified clean-fuel vehicle refueling property” would have under section 179A if—

(A)

paragraph (1) of section 179A(d) did not apply to property installed on property which is used as the principal residence (within the meaning of section 121) of the taxpayer, and

(B)

only the following were treated as clean-burning fuels for purposes of section 179A(d):

(i)

Any fuel at least 85 percent of the volume of which consists of one or more of the following: ethanol, natural gas, compressed natural gas, liquified natural gas, liquefied petroleum gas, or hydrogen.

(ii)

Any mixture—

(I)

which consists of two or more of the following: biodiesel (as defined in section 40A(d)(1)), diesel fuel (as defined in section 4083(a)(3)), or kerosene, and

(II)

at least 20 percent of the volume of which consists of biodiesel (as so defined) determined without regard to any kerosene in such mixture.

(iii)

Electricity.

(2)

Bidirectional charging equipment

Property shall not fail to be treated as qualified alternative fuel vehicle refueling property solely because such property—

(A)

is capable of charging the battery of a motor vehicle propelled by electricity, and

(B)

allows discharging electricity from such battery to an electric load external to such motor vehicle.

(3)

Property required to be located in eligible census tracts

(A)

In general

(B)

Eligible census tract

(i)

For purposes of this paragraph, the term “eligible census tract” means any population census tract which—

(I)

is described in section 45D(e), or

(II)

is not an urban area.

(ii)

Urban area

(d)

Application with other credits

(1)

Business credit treated as part of general business credit

(2)

Personal credit

The credit allowed under subsection (a) (after the application of paragraph (1)) for any taxable year shall not exceed the excess (if any) of—

(A)

the regular tax liability (as defined in section 26(b)) reduced by the sum of the credits allowable under subpart A and section 27, over

(B)

the tentative minimum tax for the taxable year.

(e)

Special rules

For purposes of this section—

(1)

Reduction in basis

(2)

Property used by tax-exempt entity

(3)

Property used outside United States not qualified

(4)

Election not to take credit

(5)

Recapture rules

(6)

Reference

(f)

Special rule for electric charging stations for certain vehicles with 2 or 3 wheels

For purposes of this section—

(1)

In general

The term “qualified alternative fuel vehicle refueling property” includes any property described in subsection (c) for the recharging of a motor vehicle described in paragraph (2), but only if such property—

(A)

meets the requirements of subsection (a)(2),1

 So in original. There is no subsec. (a)(2) in this section.

and

(B)

is of a character subject to depreciation.

(2)

Motor vehicle

A motor vehicle is described in this paragraph if the motor vehicle—

(A)

is manufactured primarily for use on public streets, roads, or highways (not including a vehicle operated exclusively on a rail or rails),

(B)

has 2 or 3 wheels, and

(C)

is propelled by electricity.

(g)

Wage and apprenticeship requirements

(1)

Increased credit amount

(A)

In general

(B)

Qualified alternative fuel vehicle refueling project

(C)

Project requirements

A project meets the requirements of this subparagraph if it is one of the following:

(i)

A project the construction of which begins prior to the date that is 60 days after the Secretary publishes guidance with respect to the requirements of paragraphs (2)(A) and (3).

(ii)

A project which satisfies the requirements of paragraphs (2)(A) and (3).

(2)

Prevailing wage requirements

(A)

In general

(B)

Correction and penalty related to failure to satisfy wage requirements

(3)

Apprenticeship requirements

(4)

Regulations and guidance

(h)

Regulations

(i)

Termination

(Added Pub. L. 109–58, title XIII, § 1342(a), Aug. 8, 2005, 119 Stat. 1049; amended Pub. L. 109–135, title IV, §§ 402(k), 412(d), Dec. 21, 2005, 119 Stat. 2615, 2636; Pub. L. 110–172, § 6(b), Dec. 29, 2007, 121 Stat. 2479; Pub. L. 110–343, div. B, title II, § 207(a), (b), Oct. 3, 2008, 122 Stat. 3839; Pub. L. 111–5, div. B, title I, §§ 1123(a), 1142(b)(3), 1144(b)(2), Feb. 17, 2009, 123 Stat. 325, 331, 332; Pub. L. 111–312, title VII, § 711(a), Dec. 17, 2010, 124 Stat. 3315; Pub. L. 112–240, title IV, § 402(a), Jan. 2, 2013, 126 Stat. 2337; Pub. L. 113–295, div. A, title I, § 161(a), title II, §§ 218(b), 221(a)(34)(B), Dec. 19, 2014, 128 Stat. 4023, 4035, 4042; Pub. L. 114–113, div. Q, title I, § 182(a), Dec. 18, 2015, 129 Stat. 3072; Pub. L. 115–123, div. D, title I, § 40404(a), Feb. 9, 2018, 132 Stat. 148; Pub. L. 115–141, div. U, title IV, § 401(b)(3), Mar. 23, 2018, 132 Stat. 1201; Pub. L. 116–94, div. Q, title I, § 125(a), Dec. 20, 2019, 133 Stat. 3231; Pub. L. 116–260, div. EE, title I, § 143(a), Dec. 27, 2020, 134 Stat. 3054; Pub. L. 117–169, title I, §§ 13404(a)–(e), 13704(b)(2), Aug. 16, 2022, 136 Stat. 1966–1968, 2002.)

cite as: 26 USC 30C