A new tax credit for qualified commercial clean vehicles acquired before the beginning of 2033. Credit is valued up to 15% of the basis of such vehicle, or 30% in the case that the vehicle is not powered by gas or a diesel internal combustion engine. Credit is capped at $7,500 for vehicles below 14,000 lbs. and $40,000 for vehicles above (or 30% whichever is lesser).

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Federal Agency: Department of the Treasury

Category: Program