The IRS has issued proposed regulations regarding the Alternative Fuel Vehicle Refueling Property Credit. The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property. (These properties generally consist of battery-powered electric vehicle recharging stations.) The changes apply to qualified alternative fuel vehicle refueling property placed in service after Dec. 31, 2022, and before Jan. 1, 2033. Property must be located in an eligible census tract to qualify for the credit. Among other things, the guidance provides rules for determining whether a population census tract is eligible for the credit. For more details: https://bit.ly/3TG4RrJ
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