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Alternative Fuel Vehicle Refueling Property Credit (Section 30C) — Businesses & Tax-Exempt Organizations
Illinois — state program6% of the cost of the property up to a maximum credit of $100,000 per item (each charging port, fuel dispenser, or storage property); 30% credit with the same $100,000 per-item limit for businesses meeting prevailing wage and apprenticeship requirements
A federal tax credit for businesses and tax-exempt organizations that install qualified alternative fuel refueling or electric vehicle recharging property at a business location. The base credit is 6% of the cost (up to $100,000 per item), rising to 30% for businesses meeting prevailing wage and apprenticeship requirements, for property placed in service from January 1, 2023, to June 30, 2026, in an eligible census tract. Tax-exempt and government entities may claim the credit through elective pay.
Program details
- Type
- tax-credit
- Amount
- 6% of the cost of the property up to a maximum credit of $100,000 per item (each charging port, fuel dispenser, or storage property); 30% credit with the same $100,000 per-item limit for businesses meeting prevailing wage and apprenticeship requirements
- Eligibility
- Businesses, tax-exempt organizations, and government entities that install qualified refueling or recharging property at a business or organization location in an eligible census tract (low-income community or non-urban census tract), placed in service January 1, 2023, to June 30, 2026.
- Status
- open
- Administrator
- Internal Revenue Service (IRS)
Source: Illinois — state program. Confirm current terms with the administering agency before applying.