Alternative Fuel Vehicle Refueling Property Credit 30C For Organizations
What qualifies
The 30C tax credit can be used to install qualified vehicle refueling and recharging equipment for electricity, ethanol, natural gas, hydrogen, and biodiesel vehicles. Eligible equipment includes bidirectional charging and charging for 2- and 3-wheel vehicles.
The credit only applies to projects in eligible census tracts. You can search your location on this 30C eligible location map to see if your property qualifies.
To qualify, your project must meet the following criteria:
- Equipment must be new or be used for the first time.
- The refueling station must be in the United States.
Incentive value
6% credit, up to $100,000 per item. The credit is increased to 30%, with the same $100,000 per item cap, if prevailing wage and apprenticeship requirements are met.
Who is eligible
Businesses, tax exempt organizations, and individuals placing qualified refueling projects
When the credit is available
The 30C credit is available for purchases on or after January 1, 2023, through 2032. You are eligible for the credit the year the project is operational.
How to claim the credit:
- Check the 30C eligible location map to confirm your location is eligible.
- Use Form 8911 to figure and report your credit for alternative fuel vehicle refueling project for the tax year when the alternative fuel recharging project is operational. Partnerships and S corporations must file Form 8911, while other taxpayers can report directly on Form 3800.
Tax exempt entities should follow the instructions for direct pay. Preregister with the IRS and submit annual tax paperwork, typically a Form 990-T for most entities that don’t normally file a tax return.
Disclaimer: None of the information presented on this website should be considered official legal or financial advice. Please contact a licensed tax professional for additional information.