IRS Prop. Reg.: Clean Vehicle Credit Excluded Entity Provisions as Amended by Inflation Reduction Act of 2022 (IRC §30D)

Proposed regulations that would provide guidance regarding the excluded entity provisions with respect to the clean vehicle credit as amended by the Inflation Reduction Act of 2022, the IRS released. The proposed regulations would also provide clarity on definitions with respect to new clean vehicles eligible for the clean vehicle credit. The proposed regulations would affect qualified manufacturers of new clean vehicles and taxpayers who purchase and place in service new clean vehicles. Comments are requested by Jan. 18, 2024. [REG-118492-23, RIN 1545-BQ99 88 Fed. Reg. __ (Dec. 4, 2023)]