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WASHINGTON, D.C. — The Division of the Treasury and Inside Income Service issued Revenue Procedure 2024–26 June 7 for the submission of data by certified producers of recent clear automobiles and sellers and sellers of recent clear automobiles and previously-owned clear automobiles.
This steerage gives extra procedures for certified producers to submit attestations, certifications and documentation demonstrating the certified producer’s compliance with sure necessities concerning new clear automobiles positioned in service after Dec. 31, 2024.
The steerage updates procedures for certified producers to submit data concerning new clear automobiles for upfront evaluate by the IRS, with analytical help from the Division of Power, to make sure the automobiles fulfill related necessities for the calendar yr and are eligible for the brand new clear car credit score.
Lastly, this income process gives guidelines concerning vendor report updates and rescissions and gives clarification for certified producers for the transition rule for impracticable-to-trace battery supplies.
Extra data could be discovered on the Inflation Reduction Act of 2022 web page on IRS.gov.
Keep updated on the most recent VTO information!
Information from U.S. Department of Energy, VTO.
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