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Federal Tax

Public Comment Sought on Additional Clean Energy Tax Provisions

Thomson Reuters Tax & Accounting  

Thomson Reuters Tax & Accounting  

The Department of the Treasury and the IRS on November 3 issued three additional notices requesting public comment on climate and clean energy tax incentives in the Inflation Reduction Act (PL 117-169), following an initial set of notices requesting comment the Department issued in October.

Notice 2022-56 is a request for comment on the Credit for Qualified Commercial Clean Vehicles under Code Sec. 45W and the Alternative Fuel Vehicle Refueling Property Credit under Code Sec. 30C.

Treasury and the IRS said they plan to both Code sections under the Inflation Reduction Act’s sections 13403 and 13404. The commercial clean vehicle credit applies to qualified vehicles acquired and placed in service after December 31, 2022, with the maximum credit per vehicle $7,500 for vehicles with gross vehicle weight ratings of less than 14,000 pounds, or $40,000 for heavier vehicles.

Notice 2022-57 requests general comments on the amendments to the carbon oxide sequestration credit under Code Sec. 45Q.

Notice 2022-58 requests comments on the clean hydrogen production credit under Code Sec. 45V and the clean fuel production credit under Code Sec. 45Z.


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