IRS Prop. Reg.: Credit for Qualified Commercial Clean Vehicles (IRC §45W)

Proposed regulations under I.R.C. §25E, §30D, §45W, and §6417 that would provide guidance on the qualified commercial clean vehicle credit enacted by the Inflation Reduction Act of 2022, the IRS released. These proposed regulations would affect: (1) eligible taxpayers that place a qualified commercial clean vehicle in service during a taxable year, and (2) manufacturers of qualified commercial clean vehicles. Prop. Reg. §1.45W-1 through Prop. Reg. §1.45W-5, Prop. Reg. §1.25E-2(b)(3), and Prop. Reg. §1.30D2(b)(28)(ii) are proposed to apply to taxable years ending after the date the final regulations are published in the Federal Register. The second and third sentences of ...