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Alternative Fuel Vehicle Refueling Property Credit (Section 30C)
Illinois — state programIndividuals: 30% of cost, up to $1,000 per item; Businesses: 6% of cost, up to $100,000 per item (30% with prevailing wage and apprenticeship requirements, same $100,000 per-item limit)
A federal tax credit for individuals and businesses that install qualified alternative fuel refueling or electric vehicle recharging property (including EV charging equipment) in an eligible census tract. The credit amount varies based on whether the property is for personal or business use and whether prevailing wage and apprenticeship requirements are met.
Program details
- Type
- tax-credit
- Amount
- Individuals: 30% of cost, up to $1,000 per item; Businesses: 6% of cost, up to $100,000 per item (30% with prevailing wage and apprenticeship requirements, same $100,000 per-item limit)
- Eligibility
- Businesses and individuals who install qualified refueling or recharging property, including electric vehicle charging equipment, in an eligible location (low-income community census tract or non-urban census tract). Eligible tax exempt and government entities can also claim the credit through elective pay. Property must be placed in service during the tax year, have original use that began with the taxpayer, be used primarily in the U.S. and U.S. territories, and be in an eligible census tract.
- Status
- open
- Administrator
- Internal Revenue Service (IRS)
Source: Illinois — state program. Confirm current terms with the administering agency before applying.