Form 8911 - Alternative Fuel Vehicle Refueling Property Credit

Use Form 8911 to figure your credit for alternative fuel vehicle refueling property you placed in service during your tax year. The credit attributable to depreciable property (refueling property used for business or investment purposes) is treated as a general business credit. Any credit not attributable to depreciable property is treated as a personal credit.

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Tax Credit, Market Expansion

Sectors

Automotive, Oil & Gas, Transportation

Demographics

Incorporation

Perks

Region Restriction

This grant is restricted to whole of United States

Keywords

transforming, tax credit, property, Media/Arts, Regulatory, Attributable, Investment Purposes, Depreciable, Vehicle Refueling, Fuel Vehicle, Alternative Fuel

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Qualified alternative fuel vehicle refueling property is any property (other than a building or its structural components) used for either of the following.

• To store or dispense an alternative fuel (defined below) other than electricity into the fuel tank of a motor vehicle propelled by the fuel, but only if the storage or dispensing is at the point where the fuel is delivered into that tank.
• To recharge an electric vehicle, but only if the recharging property is located at the point where the vehicle is recharged.

In addition, the following requirements must be met to qualify for the credit.

• You placed the refueling property in service during your tax year.
• The original use of the property began with you.
• The property isn’t used predominantly outside the United States.
• If the property isn’t business/investment use property, the property must be installed on property used as your main home.
• Property placed in service after 2022 must be located in an eligible census tract.

Exception. If you are the seller of new refueling property to a tax-exempt organization, governmental unit, or a foreign person or entity, and the use of that property is described in section 50(b)(3) or (4), you can claim the credit, but only if you clearly disclose in writing to the purchaser the amount of the tentative credit allowable for the refueling property (included on line 7 of Form 8911). Treat all property eligible for this exception as business/investment use property. If you elect to claim the credit, you must reduce cost of goods sold by the amount you entered on line 7 for that property.

Alternative fuel. The following are alternative fuels.

• Any fuel at least 85% of the volume of which consists of one or more of the following: ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen.
• Any mixture which consists of two or more of the following: biodiesel (as defined in section 40A(d)(1)), diesel fuel (as defined in section 4083(a)(3)), or kerosene, and at least 20% of the volume of which consists of biodiesel determined without regard to any kerosene in such mixture.
• Electricity.

Bidirectional charging equipment. Property placed in service after 2022 will not fail to be treated as qualified alternative fuel vehicle refueling property solely because it:

• Is capable of charging the battery of a motor vehicle propelled by electricity, and
• Allows discharging electricity from such battery to an electric load external to the motor vehicle.

Property must be located in an eligible census tract. Property placed in service after 2022 will not be treated as qualified alternative fuel vehicle refueling property unless the property is placed in service in an eligible census tract.

Eligible census tract. For this purpose, an eligible census tract is any population census tract that:

• Is described in section 45D(e), or
• Is not an urban area.
• For this purpose, an urban area is a census tract (as defined by the Bureau of the Census) that, according to the most recent decennial census, has been designated as an urban area by the Secretary of Commerce.

Electric charging stations for certain vehicles with two or three wheels. Property of a character subject to an allowance for depreciation (business/investment use property) placed in service after 2022 for the recharging of a motor vehicle is qualified alternative fuel vehicle refueling property. For this purpose, a motor vehicle:

• Is manufactured primarily for use on public streets, roads, or highways (not including a vehicle operated exclusively on a rail or rails);
• Has two or three wheels; and
• Is propelled by electricity.

Grant Application website

https://www.irs.gov/instructions/i8911

Contact