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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 (standard): 6% of cost, up to $100,000 per item; Businesses meeting prevailing wage and apprenticeship requirements: 30% of cost, up to $100,000 per item
A federal tax credit for individuals and businesses that install qualified alternative fuel refueling or electric vehicle recharging property (including EV charging equipment) at an eligible location. The credit amount varies based on whether the property is for personal or business use and whether prevailing wage and apprenticeship requirements are met. The property must be located in a qualifying low-income community or non-urban census tract.
Program details
- Type
- tax-credit
- Amount
- Individuals: 30% of cost, up to $1,000 per item; Businesses (standard): 6% of cost, up to $100,000 per item; Businesses meeting prevailing wage and apprenticeship requirements: 30% of cost, up to $100,000 per item
- Eligibility
- Businesses and individuals who install qualified refueling or recharging property, including electric vehicle charging equipment, in an eligible location (low-income community 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 beginning with the taxpayer, be used primarily in the U.S. and U.S. territories, and (for business/investment use) be depreciable property or (for personal use) be installed at the taxpayer's main home.
- Status
- open
- Administrator
- Internal Revenue Service (IRS)
Source: Illinois — state program. Confirm current terms with the administering agency before applying.