Tax credits for alternative fuel vehicle refueling stations extended and increased.
This act extends the tax credit for building alternative fuel vehicle refueling property until the end of 2029. It also increases the maximum credit amount, which may encourage investment in infrastructure for electric and other eco-friendly vehicles, making them more accessible to citizens.
Key points
The tax credit for alternative fuel vehicle refueling property (e.g., electric chargers) is extended until December 31, 2029.
The maximum tax credit amount for a single item of refueling property increases from $30,000 to $200,000.
Expired
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