January 19, 2024 IRS issues guidance on IRC Section 30C qualified alternative fuel vehicle refueling property credit The IRS today released guidance (Notice 2024-20) on eligible census tracts for the IRC Section 30C qualified alternative fuel vehicle refueling property credit and announced its intent to propose future regulations. The notice lists relevant definitions, including those for low-income communities and non-urban census tracts. The notice also describes how updating of low-income community census tract determinations are considered for credit eligibility. A Tax Alert is forthcoming.
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