Type:Proposed Rule
Citation:90 FR 9613
Reading Time:about a minute or two
The Internal Revenue Service (IRS) and the Treasury Department announced the cancellation of a public hearing that was planned for February 12, 2025. This hearing was about proposed regulations regarding a Federal Income tax credit from the Inflation Reduction Act of 2022. The credit is for costs related to qualified alternative fuel vehicle refueling properties located in low-income communities or non-urban areas. The notice was initially published in the Federal Register on September 19, 2024.
Simple Explanation
The IRS and the Treasury were going to have a meeting to talk about a special money back deal for building places to fill up eco-friendly cars in certain areas, but they decided not to have the meeting after all.