Congressional Letter Submitted to Treasury on Behalf of Off-Road Equipment Sector to Clarify Tax Credit Applicability
The Inflation Reduction Act (IRA) of 2022 included a wide range of tax deductions and credits. Among them is the Commercial Clean Vehicle Credit found in 26 U.S. Code § 45W that creates a substantial tax credit for businesses purchasing qualified electric vehicles. The maximum tax credit under 45W is determined by gross vehicle weight, […]
