Internal Revenue Bulletin 2024-41 (PDF rendition): IRS Revenue Rulings

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing. Whole bulletin rendition: numbered items are identified below; other legal material and publisher context remain included. This is not a new standalone advance release.

Bulletin No. 2024–41
October 7, 2024
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
ADMINISTRATIVE
Announcement 2024-34, page 758.
The Office of Professional Responsibility (OPR) announces
recent disciplinary sanctions involving attorneys, certified
public accountants, enrolled agents, enrolled actuaries,
enrolled retirement plan agents, and appraisers. These
individuals are subject to the regulations governing prac-
tice before the Internal Revenue Service (IRS), which are
set out in Title 31, Code of Federal Regulations, Part 10,
and which are published in pamphlet form as Treasury
Department Circular No. 230. The regulations prescribe
the duties and restrictions relating to such practice and
prescribe the disciplinary sanctions for violating the reg-
ulations.
Rev. Proc. 2024-36, page 737.
This revenue procedure provides specifications for the pri-
vate printing of red-ink and black-and-white substitutes for the
June 2024 revisions of Forms W-2c and W-3c. This revenue
procedure will be produced as the next revision of Publication
1223. Rev. Proc. 2023-39, 2023-52 IRB dated December
26, 2023, is superseded.
ADMINISTRATIVE, INCOME TAX
Notice 2024-68, page 729.
Optional special per diem rates. This notice provides the
2024-2025 special per diem rates for taxpayers to use in
substantiating the amount of ordinary and necessary busi-
ness expenses incurred while traveling away from home. The
notice includes (1) the special transportation industry rate,
(2) the rate for the incidental expenses only deduction, and
(3) the rates and list of high-cost localities for the high-low
substantiation method.
EMPLOYEE PLANS
Notice 2024-67, page 726.
This notice sets forth updates on the corporate bond
monthly yield curve, the corresponding spot segment rates
for August 2024 used under § 417(e)(3)(D), the 24-month
average segment rates applicable for September 2024, and
the 30-year Treasury rates, as reflected by the application of
§ 430(h)(2)(C)(iv).
INCOME TAX
Notice 2024-69, page 733.
This notice publishes the inflation adjustment factor and
reference price for calendar year 2024 for the renewable
electricity production credit under section 45 of the Internal
Revenue Code. The 2024 inflation adjustment factor and
reference price are used in determining the availability of
the credit and apply to calendar year 2024 sales of kilo-
watt hours of electricity produced in the United States or
a possession thereof from qualified energy resources. This
notice also provides the credit amounts for calendar year
2024 under section 45.
REG-118269-23, page 761.
These proposed regulations provide guidance on how to cal-
culate the credit under § 30C, as amended by IRA (§ 30C
credit), including what constitutes an “item” of qualified alter-
native fuel vehicle refueling property, the additional costs
taken into account in determining the cost of the item for
purposes of calculating the credit, and how to treat dual-use
property. The proposed regulations also provide rules for
determining whether a population census tract is a qualified
alternative fuel vehicle refueling property for purposes of the
§ 30C credit. The proposed regulations also provide defini-
Finding Lists begin on page ii.

tions, general rules, and special rules in respect of §30C,
including basis reduction and recapture. The proposed reg-
ulations would also amend proposed Treas. Reg. sections
1.48-9(e)(10) and 1.48E-2(g)(6) to clarify that certain stor-
age property qualifies for a credit under section 30C and
not for a credit under section 48. Additionally, he proposed
regulations would amend Treas. Reg. sections 1.6417-6(b)
(1) and 1.6418-5 to clarify the effects of basis reduction and
recapture provisions.
Rev. Proc. 2024-37, page 755.
This revenue procedure provides guidance to issuers of
tax-exempt and other tax-advantaged bonds regarding the
procedures for filing claims for recovery of overpayments
of rebate, penalty in lieu of rebate, and yield reduction pay-
ments under section 148(f) of the Internal Revenue Code.
This revenue procedure also modifies and supersedes Rev.
Proc. 2008-37, 2008-2 (Vol.1) C.B. 137, as modified by Rev.
Proc. 2017-50, 2017-37 I.R.B. 234, and supersedes Rev.
Proc. 2017-50.
Rev. Rul. 2024-21, page 724.
Federal rates; adjusted federal rates; adjusted federal long-
term rate, and the long-term tax exempt rate. For purposes
of sections 382, 1274, 1288, 7872 and other sections of
the Code, tables set forth the rates for October 2024.

The IRS Mission
Provide America’s taxpayers top-quality service by helping
them understand and meet their tax responsibilities and
enforce the law with integrity and fairness to all.
Introduction
The Internal Revenue Bulletin is the authoritative instrument
of the Commissioner of Internal Revenue for announcing offi-
cial rulings and procedures of the Internal Revenue Service
and for publishing Treasury Decisions, Executive Orders, Tax
Conventions, legislation, court decisions, and other items of
general interest. It is published weekly.
It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application
of the tax laws, including all rulings that supersede, revoke,
modify, or amend any of those previously published in the
Bulletin. All published rulings apply retroactively unless other-
wise indicated. Procedures relating solely to matters of inter-
nal management are not published; however, statements of
internal practices and procedures that affect the rights and
duties of taxpayers are published.
Revenue rulings represent the conclusions of the Service
on the application of the law to the pivotal facts stated in
the revenue ruling. In those based on positions taken in rul-
ings to taxpayers or technical advice to Service field offices,
identifying details and information of a confidential nature are
deleted to prevent unwarranted invasions of privacy and to
comply with statutory requirements.
Rulings and procedures reported in the Bulletin do not have the
force and effect of Treasury Department Regulations, but they
may be used as precedents. Unpublished rulings will not be
relied on, used, or cited as precedents by Service personnel in
the disposition of other cases. In applying published rulings and
procedures, the effect of subsequent legislation, regulations,
court decisions, rulings, and procedures must be considered,
and Service personnel and others concerned are cautioned
against reaching the same conclusions in other cases unless
the facts and circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—1986 Code.
This part includes rulings and decisions based on provisions
of the Internal Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions and Other Related Items, and Subpart B,
Legislation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these
subjects are contained in the other Parts and Subparts. Also
included in this part are Bank Secrecy Act Administrative
Rulings. Bank Secrecy Act Administrative Rulings are issued
by the Department of the Treasury’s Office of the Assistant
Secretary (Enforcement).
Part IV.—Items of General Interest.
This part includes notices of proposed rulemakings, disbar-
ment and suspension lists, and announcements.
The last Bulletin for each month includes a cumulative index
for the matters published during the preceding months. These
monthly indexes are cumulated on a semiannual basis, and are
published in the last Bulletin of each semiannual period.
The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
October 7, 2024 Bulletin No. 2024–41

Part I
Section 1274.—
Determination of Issue
Price in the Case of Certain
Debt Instruments Issued for
Property
(Also Sections 42, 280G, 382, 467, 468, 482, 483,
1288, 7520, 7872.)
Rev. Rul. 2024-21
This revenue ruling provides vari-
ous prescribed rates for federal income
tax purposes for October 2024 (the
current month). Table 1 contains the
short-term, mid-term, and long-term
applicable federal rates (AFR) for the
current month for purposes of section
1274(d) of the Internal Revenue Code.
Table 2 contains the short-term, mid-
term, and long-term adjusted applica-
ble federal rates (adjusted AFR) for the
current month for purposes of section
1288(b). Table 3 sets forth the adjusted
federal long-term rate and the long-
term tax-exempt rate described in sec-
tion 382(f). Table 4 contains the appro-
priate percentages for determining the
low-income housing credit described in
section 42(b)(1) for buildings placed in
service during the current month. How-
ever, under section 42(b)(2), the appli-
cable percentage for non-federally sub-
sidized new buildings placed in service
after July 30, 2008, shall not be less
than 9%. Finally, Table 5 contains the
federal rate for determining the present
value of an annuity, an interest for life
or for a term of years, or a remainder or
a reversionary interest for purposes of
section 7520.
REV. RUL. 2024-21 TABLE 1
Applicable Federal Rates (AFR) for October 2024
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term
AFR4.21%4.17%4.15%4.13%
110% AFR4.64%4.59%4.56%4.55%
120% AFR5.06%5.00%4.97%4.95%
130% AFR5.49%5.42%5.38%5.36%
Mid-term
AFR3.70%3.67%3.65%3.64%
110% AFR 4.08%4.04%4.02%4.01%
120% AFR4.45%4.40%4.38%4.36%
130% AFR4.83%4.77%4.74%4.72%
150% AFR5.59%5.51%5.47%5.45%
175% AFR6.52%6.42%6.37%6.34%
Long-term
AFR4.10%4.06%4.04%4.03%
110% AFR4.52%4.47%4.45%4.43%
120% AFR4.93%4.87%4.84%4.82%
130% AFR5.35%5.28%5.25%5.22%
REV. RUL. 2024-21 TABLE 2
Adjusted AFR for October 2024
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term adjusted AFR3.20%3.17%3.16%3.15%
Mid-term adjusted AFR2.81%2.79%2.78%2.77%
Long-term adjusted AFR3.10%3.08%3.07%3.06%
October 7, 2024 724 Bulletin No. 2024–41

REV. RUL. 2024-21 TABLE 3
Rates Under Section 382 for October 2024
Adjusted federal long-term rate for the current month3.10%
Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal
long-term rates for the current month and the prior two months.)
3.42%
REV. RUL. 2024-21 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for October 2024
Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after
July 30, 2008, shall not be less than 9%.
Appropriate percentage for the 70% present value low-income housing credit7.90%
Appropriate percentage for the 30% present value low-income housing credit 3.39%
REV. RUL. 2024-21 TABLE 5
Rate Under Section 7520 for October 2024
Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years,
or a remainder or reversionary interest
4.4%

Section 42.—Low-Income
Housing Credit
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
October 2024. See Rev. Rul. 2024-21, page 724.
Section 280G.—Golden
Parachute Payments
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
October 2024. See Rev. Rul. 2024-21, page 724.
Section 382.—Limitation
on Net Operating Loss
Carryforwards and
Certain Built-In Losses
Following Ownership
Change
The adjusted applicable federal long-term rate
is set forth for the month of October 2024. See Rev.
Rul. 2024-21, page 724.
Section 467.—Certain
Payments for the Use of
Property or Services
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
October 2024. See Rev. Rul. 2024-21, page 724.
Section 468.—Special
Rules for Mining and Solid
Waste Reclamation and
Closing Costs
The applicable federal short-term rates are set
forth for the month of October 2024. See Rev. Rul.
2024-21, page 724.
Section 482.—Allocation
of Income and Deductions
Among Taxpayers
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
October 2024. See Rev. Rul. 2024-21, page 724.
Section 483.—Interest on
Certain Deferred Payments
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
October 2024. See Rev. Rul. 2024-21, page 724.
Section 1288.—Treatment
of Original Issue Discount
on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2024. See Rev. Rul. 2024-21, page 724.
Section 7520.—Valuation
Tables
The applicable federal mid-term rates are set
forth for the month of October 2024. See Rev. Rul.
2024-21, page 724.
Section 7872.—Treatment
of Loans With Below-
Market Interest Rates
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
October 2024. See Rev. Rul. 2024-21, page 724.

Bulletin No. 2024–41 725 October 7, 2024

October 7, 2024 726 Bulletin No. 2024–41
Part III
Update for Weighted
Average Interest Rates,
Yield Curves, and Segment
Rates
Notice 2024-67
This notice provides guidance on the
corporate bond monthly yield curve, the
corresponding spot segment rates used
under § 417(e)(3), and the 24-month
average segment rates under § 430(h)
(2) of the Internal Revenue Code. In
addition, this notice provides guidance
as to the interest rate on 30-year Trea-
sury securities under § 417(e)(3)(A)(ii)
(II) as in effect for plan years beginning
before 2008 and the 30-year Treasury
weighted average rate under § 431(c)
(6)(E)(ii)(I).
YIELD CURVE AND SEGMENT
RATES
Section 430 specifies the minimum
funding requirements that apply to sin-
gle-employer plans (except for CSEC plans
under § 414(y)) pursuant to § 412. Section
430(h)(2) specifies the interest rates that
must be used to determine a plan’s target
normal cost and funding target. Under
this provision, present value is generally
determined using three 24-month average
interest rates (“segment rates”), each of
which applies to cash flows during speci-
fied periods. To the extent provided under
§ 430(h)(2)(C)(iv), these segment rates
are adjusted by the applicable percentage
of the 25-year average segment rates for
the period ending September 30 of the
year preceding the calendar year in which
the plan year begins.
1
However, an elec-
tion may be made under § 430(h)(2)(D)
(ii) to use the monthly yield curve in place
of the segment rates.
Section 1.430(h)(2)-1(d) provides
rules for determining the monthly cor-
porate bond yield curve,
2
and § 1.430(h)
(2)-1(c) provides rules for determining
the 24-month average corporate bond
segment rates used to compute the tar-
get normal cost and the funding target.
Consistent with the methodology spec-
ified in § 1.430(h)(2)-1(d), the monthly
corporate bond yield curve derived from
August 2024 data is in Table 2024-8 at the
end of this notice. The spot first, second,
and third segment rates for the month of
August 2024 are, respectively, 4.50, 4.96,
and 5.40.
The 24-month average segment rates
determined under § 430(h)(2)(C)(i)
through (iii) must be adjusted pursuant to
§ 430(h)(2)(C)(iv) to be within the appli-
cable minimum and maximum percent-
ages of the corresponding 25-year aver-
age segment rates. Those percentages are
95% and 105% for plan years beginning
in 2023, 2024 and 2025. For this purpose,
any 25-year average segment rate that is
less than 5% is deemed to be 5%. The
25-year average segment rates for plan
years beginning in 2023 and 2024 were
published in Notice 2022-40, 2022-40
I.R.B. 266 and Notice 2023-66, 2023-40
I.R.B. 992, respectively. For plan years
beginning in 2025, based on the segment
rates applicable for October 1999 to Sep-
tember 2024, the 25-year averages for the
period ending September 30, 2024, of the
first, second, and third segment rates are
3.27, 5.06, and 5.79 percent, respectively.
24-MONTH AVERAGE CORPORATE
BOND SEGMENT RATES
The three 24-month average corporate
bond segment rates applicable for Sep-
tember 2024 without adjustment for the
25-year average segment rate limits are as
follows:
24-Month Average Segment Rates Without 25-Year Average Adjustment
Applicable Month First Segment Second Segment Third Segment
September 2024 5.07 5.33 5.36
The adjusted 24-month average seg-
ment rates set forth in the chart below
reflect § 430(h)(2)(C)(iv) of the Code. The
24-month averages applicable for Septem-
ber 2024, adjusted to be within the appli-
cable minimum and maximum percent-
ages of the corresponding 25-year average
segment rates in accordance with § 430(h)
(2)(C)(iv) of the Code, are as follows:
Adjusted 24-Month Average Segment Rates
For Plan Years
Beginning InApplicable MonthFirst SegmentSecond SegmentThird Segment
2023September 20245.075.335.74
2024September 20245.075.335.59
2025September 20245.075.315.50
1
Pursuant to § 433(h)(3)(A), the third segment rate determined under § 430(h)(2)(C) is used to determine the current liability of a CSEC plan (which is used to calculate the minimum amount
of the full funding limitation under § 433(c)(7)(C)).
2
For months before February 2024, the monthly corporate bond yield curve was determined in accordance with Notice 2007-81, 2007-44 I.R.B. 899. Section 1.430(h)(2)-1(d) generally adopts
the methodology for determining the monthly corporate bond yield curve under Notice 2007-81 but includes two enhancements to take into account subsequent changes in the bond market.
Those enhancements are described in the preamble to TD 9986 (89 FR 2127).

Bulletin No. 2024–41 727 October 7, 2024
30-YEAR TREASURY SECURITIES
INTEREST RATES
Section 431 specifies the minimum
funding requirements that apply to multi-
employer plans pursuant to § 412. Section
431(c)(6)(B) specifies a minimum amount
for the full-funding limitation described in
§ 431(c)(6)(A), based on the plan’s current
liability. Section 431(c)(6)(E)(ii)(I) pro-
vides that the interest rate used to calcu-
late current liability for this purpose must
be no more than 5 percent above and no
more than 10 percent below the weighted
average of the rates of interest on 30-year
Treasury securities during the four-year
period ending on the last day before the
beginning of the plan year. Notice 88-73,
1988-2 C.B. 383, provides guidelines for
determining the weighted average inter-
est rate. The rate of interest on 30-year
Treasury securities for August 2024 is
4.15 percent. The Service determined this
rate as the average of the daily determi-
nations of yield on the 30-year Treasury
bond maturing in May 2054 determined
each day through August 7, 2024 and the
yield on the 30-year Treasury bond matur-
ing in August 2054 determined each day
for the balance of the month. For plan
years beginning in September 2024, the
weighted average of the rates of interest
on 30-year Treasury securities and the
permissible range of rates used to calcu-
late current liability are as follows:
Treasury Weighted Average Rates
For Plan Years Beginning In30-Year Treasury Weighted AveragePermissible Range 90% to 105%
September 20243.633.27 to 3.81
MINIMUM PRESENT VALUE
SEGMENT RATES
In general, the applicable interest rates
under § 417(e)(3)(D) are segment rates
computed without regard to a 24-month
average. Section 1.417(e)-1(d)(3) and
Notice 2007-81 provide guidelines for
determining the minimum present value
segment rates. Pursuant to those guidelines,
the minimum present value segment rates
determined for August 2024 are as follows:
Minimum Present Value Segment Rates
Month First Segment Second Segment Third Segment
August 2024 4.50 4.96 5.40
DRAFTING INFORMATION
The principal author of this notice is
Tom Morgan of the Office of Associ-
ate Chief Counsel (Employee Benefits,
Exempt Organizations, and Employment
Taxes). However, other personnel from
the IRS participated in the development
of this guidance. For further information
regarding this notice, contact Mr. Morgan
at 202-317-6700 or Tony Montanaro at
626-927-1475 (not toll-free numbers).

October 7, 2024 728 Bulletin No. 2024–41
Table 2024-8
Monthly Yield Curve for August 2024
Derived from August 2024 Data
MaturityYieldMaturityYieldMaturityYieldMaturityYieldMaturityYield
0.55.0520.55.3140.55.4160.55.4880.55.51
1.04.8121.05.3241.05.4161.05.4881.05.51
1.54.6121.55.3241.55.4161.55.4881.55.51
2.04.4622.05.3342.05.4262.05.4882.05.52
2.54.3722.55.3342.55.4262.55.4882.55.52
3.04.3323.05.3343.05.4263.05.4883.05.52
3.54.3123.55.3343.55.4263.55.4983.55.52
4.04.3224.05.3344.05.4364.05.4984.05.52
4.54.3424.55.3344.55.4364.55.4984.55.52
5.04.3725.05.3345.05.4365.05.4985.05.52
5.54.4125.55.3345.55.4365.55.4985.55.52
6.04.4526.05.3346.05.4366.05.4986.05.52
6.54.5026.55.3346.55.4466.55.4986.55.52
7.04.5527.05.3347.05.4467.05.4987.05.52
7.54.6027.55.3347.55.4467.55.4987.55.52
8.04.6528.05.3348.05.4468.05.4988.05.52
8.54.6928.55.3348.55.4468.55.5088.55.52
9.04.7429.05.3349.05.4569.05.5089.05.52
9.54.7829.55.3349.55.4569.55.5089.55.52
10.04.8230.05.3450.05.4570.05.5090.05.52
10.54.8630.55.3450.55.4570.55.5090.55.53
11.04.9031.05.3451.05.4571.05.5091.05.53
11.54.9431.55.3551.55.4571.55.5091.55.53
12.04.9732.05.3552.05.4672.05.5092.05.53
12.55.0132.55.3652.55.4672.55.5092.55.53
13.05.0433.05.3653.05.4673.05.5093.05.53
13.55.0733.55.3753.55.4673.55.5093.55.53
14.05.1034.05.3754.05.4674.05.5094.05.53
14.55.1234.55.3754.55.4674.55.5194.55.53
15.05.1535.05.3855.05.4675.05.5195.05.53
15.55.1735.55.3855.55.4775.55.5195.55.53
16.05.1936.05.3856.05.4776.05.5196.05.53
16.55.2136.55.3956.55.4776.55.5196.55.53
17.05.2337.05.3957.05.4777.05.5197.05.53
17.55.2537.55.3957.55.4777.55.5197.55.53
18.05.2638.05.4058.05.4778.05.5198.05.53
18.55.2838.55.4058.55.4778.55.5198.55.53
19.05.2939.05.4059.05.4879.05.5199.05.53
19.55.3039.55.4059.55.4879.55.5199.55.53
20.05.3140.05.4160.05.4880.05.51100.05.53

Bulletin No. 2024–41 729 October 7, 2024
2024-2025 Special Per
Diem Rates
Notice 2024-68
SECTION 1. PURPOSE
This annual notice provides the 2024-
2025 special per diem rates for taxpay-
ers to use in substantiating the amount of
ordinary and necessary business expenses
incurred while traveling away from home,
specifically (1) the special transportation
industry meal and incidental expenses
(M&IE) rates, (2) the rate for the inciden-
tal expenses only deduction, and (3) the
rates and list of high-cost localities for
purposes of the high-low substantiation
method.
SECTION 2. BACKGROUND
Rev. Proc. 2019-48, 2019-51 I.R.B.
1392 (or successor), provides rules for
using a per diem rate to substantiate, under
§ 274(d) of the Internal Revenue Code and
§ 1.274-5 of the Income Tax Regulations,
the amount of ordinary and necessary
business expenses paid or incurred while
traveling away from home. Taxpayers
using the rates and list of high-cost local-
ities provided in this notice must comply
with Rev. Proc. 2019-48 (or successor).
Notice 2023-68, 2023-41 I.R.B. 1060,
provides the rates and list of high-cost
localities for the period October 1, 2023,
to September 30, 2024.
SECTION 3. SPECIAL M&IE
RATES FOR TRANSPORTATION
INDUSTRY
The special M&IE rates for taxpayers
in the transportation industry are $80 for
any locality of travel in the continental
United States (CONUS) and $86 for any
locality of travel outside the continental
United States (OCONUS). See section
4.04 of Rev. Proc. 2019-48 (or successor).
SECTION 4. RATE FOR
INCIDENTAL EXPENSES ONLY
DEDUCTION
The rate for any CONUS or OCO-
NUS locality of travel for the incidental
expenses only deduction is $5 per day.
See section 4.05 of Rev. Proc. 2019-48 (or
successor).
SECTION 5. HIGH-LOW
SUBSTANTIATION METHOD
1. Annual high-low rates. For purposes
of the high-low substantiation method, the
per diem rates in lieu of the rates described
in Notice 2023-68 (the per diem substan-
tiation method) are $319 for travel to any
high-cost locality and $225 for travel to
any other locality within CONUS. The
amount of the $319 high rate and $225
low rate that is treated as paid for meals
for purposes of § 274(n) is $86 for travel
to any high-cost locality and $74 for travel
to any other locality within CONUS. See
section 5.02 of Rev. Proc. 2019-48 (or
successor). The per diem rates in lieu of
the rates described in Notice 2023-68 (the
meal and incidental expenses only sub-
stantiation method) are $86 for travel to
any high-cost locality and $74 for travel to
any other locality within CONUS.
2. High-cost localities. The following
localities have a federal per diem rate of
$272 or more, and are high-cost localities
for the specified portion of the calendar year:
Key CityCounty or Other Defined LocationPortion of Calendar Year
Alabama
Gulf ShoresBaldwinJune 1 – July 31
Arizona
Phoenix/ScottsdaleMaricopaFebruary 1 – March 31
SedonaCity limits of SedonaOctober 1 – December 31 and March 1 – September 30
California
Los AngelesLos Angeles, Orange, and Ventura, and
Edwards AFB, less the city of Santa
Monica
October 1 – September 30
Mammoth LakesMonoDecember 1 – March 31
MontereyMontereyOctober 1 – September 30
NapaNapaOctober 1 – November 30 and February 1 – September 30
Palm SpringsRiversideOctober 1 – April 30
San DiegoSan DiegoOctober 1 – September 30
San FranciscoSan FranciscoOctober 1 – September 30
San Luis ObispoSan Luis ObispoJune 1 – July 31
Santa BarbaraSanta BarbaraOctober 1 – September 30
Santa MonicaCity limits of Santa MonicaOctober 1 – September 30
South Lake TahoeEl DoradoDecember 1 – March 31

October 7, 2024 730 Bulletin No. 2024–41
Key CityCounty or Other Defined LocationPortion of Calendar Year
Sunnyvale/Palo Alto/San
Jose
Santa ClaraOctober 1 – September 30
Yosemite National ParkMariposaJanuary 1 – April 30
Colorado
AspenPitkinOctober 1 – September 30
Denver/AuroraDenver, Adams, Arapahoe, and
Jefferson
October 1 – October 31 and April 1 – September 30
Silverthorne/BreckenridgeSummitDecember 1 – March 31
Steamboat SpringsRouttDecember 1 – March 31
TellurideSan MiguelOctober 1 – September 30
VailEagleOctober 1 – September 30
Delaware
LewesSussexJune 1 – August 31
District of Columbia
Washington, D.C. (also the cities of Alexandria, Falls Church, and
Fairfax, and the counties of Arlington and Fairfax, in Virginia; and
the counties of Montgomery and Prince George’s in Maryland) (See
also Maryland and Virginia)
October 1 – September 30
Florida
Boca Raton/Delray Beach/
Jupiter
Palm Beach and HendryJanuary 1 – April 30
BradentonManateeFebruary 1 – March 31
Cocoa BeachBrevardFebruary 1 – March 31
Fort LauderdaleBrowardJanuary 1 – April 30
Fort MyersLeeJanuary 1 – March 31
Fort Walton Beach/
DeFuniak Springs
Okaloosa and WaltonJune 1 – July 31
Gulf BreezeSanta RosaJune 1 – July 31
Key WestMonroeOctober 1 – September 30
MiamiMiami-DadeDecember 1 – May 31
NaplesCollierDecember 1 – April 30
Panama CityBayJune 1 – July 31
SarasotaSarasotaFebruary 1 – April 30
SebringHighlandsFebruary 1 – March 31
StuartMartinFebruary 1 – March 31
Tampa/St. PetersburgPinellas and HillsboroughFebruary 1 – April 30
Vero BeachIndian RiverDecember 1 – April 30
Georgia
AtlantaFulton and DeKalbJanuary 1 – March 31
Jekyll Island/BrunswickGlynnMarch 1 – July 31
Idaho
BoiseAdaOctober 1 – October 31 and June 1 – September 30
Coeur d’AleneKootenaiJune 1 – August 31
Sun Valley/KetchumBlaine and ElmoreDecember 31 – March 31 and June 1 – September 30
Illinois
ChicagoCook and LakeOctober 1 – November 30 and April 1 – September 30

Bulletin No. 2024–41 731 October 7, 2024
Key CityCounty or Other Defined LocationPortion of Calendar Year
Maine
Bar Harbor/RockportHancock and KnoxOctober 1 – October 31 and May 1 – September 30
Kennebunk/Kittery/
Sanford
YorkJuly 1 – August 31
PortlandCumberland and SagadahocOctober 1 – October 31 and June 1 – September 30
Maryland
Ocean CityWorcesterJune 1 – August 31
Washington, D.C.
Metropolitan Area
Montgomery and Prince George’sOctober 1 – September 30
Massachusetts
Boston/CambridgeSuffolk and city of CambridgeOctober 1 – September 30
FalmouthCity limits of FalmouthJuly 1 – August 31
HyannisBarnstable less the city of FalmouthJuly 1 – August 31
Martha’s VineyardDukesOctober 1 – September 30
NantucketNantucketJune 1 – September 30
Michigan
Mackinac IslandMackinacJuly 1 – August 31
PetoskeyEmmetJune 1 – August 31
Traverse CityGrand TraverseJuly 1 – August 31
Minnesota
DuluthSt. LouisOctober 1 – October 31 and June 1 – September 30
Montana
Big Sky/West
Yellowstone/Gardiner
Gallatin and ParkJune 1 – September 30
Kalispell/WhitefishFlatheadJuly 1 – September 30
New Jersey
Toms RiverOceanJuly 1 – August 31
New York
Glens FallsWarrenJuly 1 – August 31
Lake PlacidEssexJuly 1 – August 31
New York CityBronx, Kings, New York, Queens, and
Richmond
October 1 – December 31 and March 1 – September 30
Saratoga Springs/
Schenectady
Saratoga and SchenectadyJuly 1 – August 31
North Carolina
Kill Devil HillsDareJune 1 – August 31
Oregon
BendDeschutesJune 1 – August 31
Eugene/FlorenceLaneJune 1 – July 31
SeasideClatsopJuly 1 – August 31
Pennsylvania
HersheyHersheyJune 1 – August 31
PhiladelphiaPhiladelphiaOctober 1 – November 30 and April 1 – September 30
Rhode Island
Jamestown/Middletown/
Newport
NewportOctober 1 – October 31 and June 1 – September 30

October 7, 2024 732 Bulletin No. 2024–41
Key CityCounty or Other Defined LocationPortion of Calendar Year
South Carolina
CharlestonCharleston, Berkeley, and DorchesterOctober 1 – September 30
Hilton HeadBeaufortMarch 1 – August 31
Tennessee
NashvilleDavidsonOctober 1 – September 30
Utah
MoabGrandOctober 1 – October 31, March 1 – June 30, and
September 1 – September 30
Park CitySummitOctober 1 – September 30
Vermont
BurlingtonChittendenOctober 1 – October 31 and May 1 – September 30
ManchesterBenningtonOctober 1 – October 31 and August 1 – September 30
MontpelierWashingtonOctober 1 – October 31 and August 1 – September 30
Virginia
Virginia BeachCity of Virginia BeachJune 1 – August 31
Wallops IslandAccomackJuly 1 – August 31
Washington, D.C.
Metropolitan Area
Cities of Alexandria, Falls Church,
and Fairfax; counties of Arlington and
Fairfax
October 1 – September 30
Washington
Port Angeles/Port
Townsend
Clallam and JeffersonJuly 1 – August 31
SeattleKingOctober 1 – September 30
Wyoming
Jackson/PinedaleTeton and SubletteOctober 1 – September 30
3. Changes in high-cost localities. The
list of high-cost localities in this notice
differs from the list of high-cost localities
in section 5 of Notice 2023-68.
a. The following localities have been
added to the list of high-cost localities:
Los Angeles, California; Mammoth
Lakes, California; Palm Springs, Califor-
nia; South Lake Tahoe, California; Boise,
Idaho; Coeur d’Alene, Idaho; Bend, Ore-
gon; Burlington, Vermont.
b. The following localities have
changed the portion of the year in which
they are high-cost localities: Sedona,
Arizona; Monterey, California; Napa,
California; San Luis Obispo, Califor-
nia; Yosemite National Park, California;
Aspen, Colorado; Silverthorne/Brecken-
ridge, Colorado; Lewes, Delaware; Dis-
trict of Columbia (see also Maryland and
Virginia); Boca Raton/Delray Beach/Jupi-
ter, Florida; Fort Myers, Florida; Tampa/
St. Petersburg, Florida; Vero Beach,
Florida; Bar Harbor/Rockport, Maine;
Portland, Maine; Ocean City, Maryland;
Washington, D.C. Metropolitan Area in
Maryland (counties of Montgomery and
Prince George’s); Falmouth, Massachu-
setts; Nantucket, Massachusetts; Petos-
key, Michigan; Kalispell/Whitefish, Mon-
tana; Kill Devil Hills, North Carolina;
Philadelphia, Pennsylvania; Moab, Utah;
Washington, D.C. Metropolitan Area
in Virginia (cities of Alexandria, Falls
Church, and Fairfax; counties of Arling-
ton and Fairfax); Seattle, Washington.
c. The following localities have been
removed from the list of high-cost local-
ities: Mill Valley/San Rafael/Novato, Cal-
ifornia; Oakland, California; San Mateo/
Foster City/Belmont, California; Grand
Lake, Colorado; Pensacola, Florida;
Punta Gorda, Florida; Missoula, Montana;
Carlsbad, New Mexico; Lincoln City,
Oregon; Myrtle Beach, South Carolina;
Cody, Wyoming.
SECTION 6. EFFECTIVE DATE
This notice is effective for per diem
allowances for lodging, meal and inci-
dental expenses, or for meal and inci-
dental expenses only, that are paid to any
employee on or after October 1, 2024,
for travel away from home on or after
October 1, 2024. For purposes of com-
puting the amount allowable as a deduc-
tion for travel away from home, this
notice is effective for meal and incidental
expenses or for incidental expenses only
paid or incurred on or after October 1,
2024. See sections 4.06 and 5.04 of Rev.
Proc. 2019-48 (or successor) for transi-
tion rules for the last 3 months of calen-
dar year 2024.
SECTION 7. EFFECT ON OTHER
DOCUMENTS
Notice 2023-68 is superseded.

Bulletin No. 2024–41 733 October 7, 2024
DRAFTING INFORMATION
The principal author of this notice is C.
Dylan Durham of the Office of Associate
Chief Counsel (Income Tax & Account-
ing). For further information regarding
this notice, contact Mr. Durham at 202-
317-7005 (not a toll-free number).
Credit for Renewable
Electricity Production and
Publication of Inflation
Adjustment Factor and
Reference Price for
Calendar Year 2024
Notice 2024-69
This notice publishes the inflation
adjustment factor and reference price for
calendar year 2024 for the renewable elec-
tricity production credit under section 45
of the Internal Revenue Code (section 45
credit). The 2024 inflation adjustment fac-
tor and reference price are used in deter-
mining the availability of the credit and
apply to calendar year 2024 sales of kilo-
watt hours of electricity produced in the
United States or a possession thereof from
qualified energy resources.
BACKGROUND
Section 45 was amended by section
13101 of Public Law 117-169, 136 Stat.
1818 (August 16, 2022), commonly
known as the Inflation Reduction Act
of 2022 (IRA). The IRA changed the
manner in which the section 45 credit
amounts are calculated for any qualified
facility placed in service after December
31, 2021.
As amended by the IRA, section 45(b)
(6)(A) provides that, in the case of any
qualified facility that satisfies the require-
ments of section 45(b)(6)(B), the credit
amount determined under section 45(a)
(determined after the application of sec-
tion 45(b)(1) through (5) and without
regard to section 45(b)(6)) is equal to
such amount multiplied by 5. A qualified
facility satisfies the requirements of sec-
tion 45(b)(6)(B) if it is placed in service
after December 31, 2021, and it is one of
the following: (i) a facility with a maxi-
mum net output of less than 1 megawatt
(as measured in alternating current); (ii)
a facility the construction of which began
prior to January 29, 2023, which is the
date that is 60 days after the publication of
the guidance with respect to the require-
ments of section 45(b)(7)(A) (prevailing
wage requirements) and section 45(b)(8)
(apprenticeship requirements);
1
or (iii) a
facility that satisfies the requirements of
section 45(b)(7)(A) and (8). The IRA also
added bonus credit amounts with respect
to qualified facilities placed in service after
December 31, 2022, that meet domestic
content requirements under section 45(b)
(9)
2
or energy community requirements
under section 45(b)(11).
3

The IRA amended the phaseout of the
section 45 credit for wind facilities under
section 45(b)(5) such that it does not apply
to facilities placed in service after Decem-
ber 31, 2021. The IRA also added a new
phaseout of the section 45 credit under
section 45(b)(10) in the case of qualified
facilities placed in service after December
31, 2022, for taxpayers making an elec-
tive payment election under section 6417.
The IRA also amended the credit amount
reduction under section 45(b)(3) in the
case of qualified facilities the construction
of which began after August 16, 2022.
The IRA amended section 45(d)(4) to
restore the section 45 credit for electric-
ity produced in solar energy facilities in
the case of qualified facilities placed in
service after December 31, 2021, and the
construction of which begins before Janu-
ary 1, 2025. Effective for facilities placed
in service after December 31, 2022, the
IRA (1) removed the one-half reduction
of the credit amount under section 45(b)
(4)(A) for qualified hydropower facilities
and marine and hydrokinetic renewable
energy facilities and (2) amended the defi-
nition of marine and hydrokinetic renew-
able energy under section 45(c)(10) and
the definition of a marine and hydrokinetic
renewable energy facility under section
45(d)(11). The IRA also extended certain
deadlines in the definitions under section
45(d) for wind facilities, closed-loop bio-
mass facilities, open-loop biomass facil-
ities, geothermal facilities, landfill gas
facilities, trash facilities, qualified hydro-
power facilities, and marine and hydroki-
netic renewable energy facilities.
Section 45(a) provides that the renew-
able electricity production credit for any
tax year is an amount equal to the product
of the kilowatt hours of specified electric-
ity produced by the taxpayer and sold to
an unrelated person during the tax year
multiplied by 1.5 cents (in the case of a
qualified facility placed in service before
January 1, 2022) or 0.3 cents (in the case
of a qualified facility placed in service
after December 31, 2021). This electricity
must be produced from qualified energy
resources and at a qualified facility during
the 10-year period beginning on the date
the facility was originally placed in ser-
vice.
Section 45(b)(1) provides that the
amount of the credit determined under
section 45(a) is reduced by an amount
which bears the same ratio to the amount
of the credit as the amount by which the
reference price for the calendar year in
which the sale occurs exceeds 8 cents,
bears to 3 cents. Under section 45(b)(2),
the 1.5 cent (or 0.3 cent) amount in sec-
tion 45(a) and the 8 cent amount in section
45(b)(1) are each adjusted by multiplying
such amount by the inflation adjustment
factor for the calendar year in which the
sale occurs. In the case of any qualified
facility placed in service before January
1, 2022, if any amount as increased under
section 45(b)(2) is not a multiple of 0.1
cent, such amount is rounded to the near-
est multiple of 0.1 cent. In the case of any
qualified facility placed in service after
December 31, 2021, if the 0.3 cent amount
as increased under section 45(b)(2) is not
a multiple of 0.05 cent, such amount is
rounded to the nearest multiple of 0.05
cent.
1
See §§ 1.45-6, 1.45-7, 1.45-8, and 1.45-12 of the Income Tax Regulations for additional information regarding the requirements of section 45(b)(6)(B).
2
See Notice 2023-38, 2023-22 I.R.B. 872 (May 12, 2023) and Notice 2024-41, IR-2024-140 (May 16, 2024), corrected at IR 2024-147 (May 24, 2024), for additional information regarding
the domestic content bonus credit.
3
See Notice 2024-30, 2024-16 I.R.B. 878 (April 15, 2024), for additional information regarding the energy community bonus credit.

October 7, 2024 734 Bulletin No. 2024–41
In the case of electricity produced in
open-loop biomass facilities, landfill gas
facilities, trash facilities, qualified hydro-
power facilities, and, if placed in ser-
vice before January 1, 2023, marine and
hydrokinetic renewable energy facilities,
section 45(b)(4)(A) requires the amount
in effect under section 45(a)(1) for such
calendar year (determined before round-
ing as required by section 45(b)(2)) to be
reduced by one-half. As amended by the
IRA, the one-half reduction under section
45(b)(4)(A) no longer applies to quali-
fied hydropower facilities and marine and
hydrokinetic renewable energy facilities
placed in service after December 31, 2022.
Section 45(b)(5) provides that in the
case of any qualified wind facility placed
in service before January 1, 2022, the
amount of the credit determined under
section 45(a) (determined after the appli-
cation of section 45(b)(1), (2), and (3) and
without regard to section 45(b)(5)) shall
be reduced by (A) in the case of any facil-
ity the construction of which began after
December 31, 2016, and before January 1,
2018, 20 percent, (B) in the case of any
facility the construction of which began
after December 31, 2017, and before Jan-
uary 1, 2019, 40 percent, (C) in the case
of any facility the construction of which
began after December 31, 2018, and
before January 1, 2020, 60 percent, and
(D) in the case of any facility the con-
struction of which began after December
31, 2019, and before January 1, 2022, 40
percent.
Section 45(c)(1) defines qualified
energy resources as wind, closed-loop
biomass, open-loop biomass, geother-
mal energy, solar energy, municipal solid
waste, qualified hydropower production,
and marine and hydrokinetic renewable
energy.
Section 45(d)(1) defines a qualified
facility using wind to produce electric-
ity as any facility owned by the taxpayer
that is originally placed in service after
December 31, 1993, and the construction
of which begins before January 1, 2025.
See section 45(e)(7) for rules relating to
the inapplicability of the credit to electric-
ity sold to utilities under certain contracts.
Section 45(d)(2)(A) defines a quali-
fied facility using closed-loop biomass to
produce electricity as any facility owned
by the taxpayer that is originally placed
in service after December 31, 1992, and
the construction of which begins before
January 1, 2025, or owned by the tax-
payer which before January 1, 2025, is
originally placed in service and modified
to use closed-loop biomass to co-fire with
coal, with other biomass, or with both, but
only if the modification is approved under
the Biomass Power for Rural Develop-
ment Programs or is part of a pilot project
of the Commodity Credit Corporation as
described in 65 FR 63052. For purposes
of section 45(d)(2)(A)(ii), a facility shall
be treated as modified before January 1,
2025, if the construction of such modifica-
tion begins before such date. Section 45(d)
(2)(C) provides that in the case of a qual-
ified facility described in section 45(d)(2)
(A)(ii), the 10-year period referred to in
section 45(a) is treated as beginning no
earlier than the date of the enactment of
section 45(d)(2)(C)(i) (October 22, 2004),
and if the owner of such facility is not the
producer of the electricity, the person eli-
gible for the credit allowable under section
45(a) is the lessee or the operator of such
facility. A qualified facility using closed-
loop biomass includes a new unit placed
in service after the date of the enactment
of section 45(d)(2)(B) (October 3, 2008)
in connection with a qualified facility
using closed-loop biomass, but only to the
extent of the increased amount of electric-
ity produced at the facility by reason of
such new unit.
Section 45(d)(3)(A) defines a qualified
facility using open-loop biomass to pro-
duce electricity as any facility owned by
the taxpayer which in the case of a facility
using agricultural livestock waste nutri-
ents, is originally placed in service after
the date of the enactment of section 45(d)
(3)(A)(i)(I) (October 22, 2004) and the
construction of which begins before Jan-
uary 1, 2025, and the nameplate capacity
rating of which is not less than 150 kilo-
watts, and in the case of any other facility,
the construction of which begins before
January 1, 2025. In the case of any facil-
ity described in section 45(d)(3)(A), if
the owner of such facility is not the pro-
ducer of the electricity, section 45(d)(3)
(C) provides that the person eligible for
the credit allowable under section 45(a) is
the lessee or the operator of such facility.
A qualified facility using open-loop bio-
mass includes a new unit placed in service
after the date of the enactment of section
45(d)(3)(B) (October 3, 2008) in connec-
tion with a qualified facility using open-
loop biomass, but only to the extent of the
increased amount of electricity produced
at the facility by reason of such new unit.
Section 45(d)(4) defines a qualified
facility using geothermal energy to pro-
duce electricity as any facility owned by
the taxpayer that is originally placed in
service after the date of the enactment of
section 45(d)(4) (October 22, 2004) and
the construction of which begins before
January 1, 2025. A qualified facility using
geothermal energy does not include any
property described in section 48(a)(3) the
basis of which is taken into account by the
taxpayer for purposes of determining the
energy credit under section 48.
As amended by the IRA and effective
for solar energy facilities placed in service
after December 31, 2021, section 45(d)(4)
also defines a qualified facility using solar
energy to produce electricity as any facil-
ity owned by the taxpayer that is origi-
nally placed in service after the date of the
enactment of section 45(d)(4) (October
22, 2004) and the construction of which
begins before January 1, 2025. A qualified
facility using solar energy does not include
any property described in section 48(a)(3)
the basis of which is taken into account by
the taxpayer for purposes of determining
the energy credit under section 48.
Section 45(d)(6) defines a qualified
facility using gas derived from the bio-
degradation of municipal solid waste to
produce electricity as any facility owned
by the taxpayer that is originally placed in
service after the date of the enactment of
section 45(d)(6) (October 22, 2004) and
the construction of which begins before
January 1, 2025.
Section 45(d)(7) defines a qualified
facility (other than a facility described in
section 45(d)(6)) that uses municipal solid
waste to produce electricity as any facil-
ity owned by the taxpayer that is origi-
nally placed in service after the date of the
enactment of section 45(d)(7) (October
22, 2004) and the construction of which
begins before January 1, 2025. A quali-
fied facility using municipal solid waste
includes a new unit placed in service in
connection with a facility placed in ser-
vice on or before the date of the enactment
of section 45(d)(7), but only to the extent

Bulletin No. 2024–41 735 October 7, 2024
of the increased amount of electricity pro-
duced at the facility by reason of such new
unit.
Section 45(d)(9) defines a qualified
facility producing qualified hydroelectric
production (as described in section 45(c)
(8)) as (i) any facility producing incremen-
tal hydropower production, but only to the
extent of its incremental hydropower pro-
duction attributable to efficiency improve-
ments or additions to capacity described in
section 45(c)(8)(B) placed in service after
the date of the enactment of section 45(d)
(9) (August 8, 2005) and before January
1, 2025, and (ii) any other facility placed
in service after the date of the enactment
of section 45(d)(9) (August 8, 2005) and
the construction of which begins before
January 1, 2025. Section 45(d)(9)(B) pro-
vides that, in the case of a qualified facil-
ity described in section 45(d)(9)(A), the
10-year period referred to in section 45(a)
shall be treated as beginning on the date
the efficiency improvements or additions
to capacity are placed in service. Section
45(d)(9)(C) provides that for purposes
of section 45(d)(9)(A)(i), an efficiency
improvement or addition to capacity shall
be treated as placed in service before Jan-
uary 1, 2025, if the construction of such
improvement or addition begins before
such date.
As amended by the IRA, section 45(d)
(11) provides that, in the case of a facil-
ity producing electricity from marine
and hydrokinetic renewable energy, the
term “qualified facility” means any facil-
ity owned by the taxpayer which has a
nameplate capacity rating of at least 150
kilowatts (or at least 25 kilowatts in the
case of a facility placed in service after
December 31, 2022), and is originally
placed in service on or after the date of
the enactment of section 45(d)(11) (Octo-
ber 3, 2008) and the construction of which
begins before January 1, 2025.
Section 45(e)(2)(A) requires the Secre-
tary to determine and publish in the Fed-
eral Register each calendar year the infla-
tion adjustment factor and the reference
price for such calendar year. The inflation
adjustment factor and the reference price
for the 2024 calendar year were published
in the Federal Register at 89 FR 56924
on July 11, 2024. A correction notice was
published in the Federal Register at 89 FR
76191 on September 17, 2024.
Section 45(e)(2)(B) defines the infla-
tion adjustment factor for a calendar year
as a fraction the numerator of which is the
GDP implicit price deflator for the pre-
ceding calendar year and the denominator
of which is the GDP implicit price defla-
tor for the calendar year 1992. The term
“GDP implicit price deflator” means the
most recent revision of the implicit price
deflator for the gross domestic product as
computed and published by the Depart-
ment of Commerce before March 15 of
the calendar year.
Section 45(e)(2)(C) provides that the
reference price with respect to a calendar
year is the Secretary’s determination of
the annual average contract price per kilo-
watt hour of electricity generated from the
same qualified energy resource and sold
in the previous year in the United States.
Only contracts entered into after Decem-
ber 31, 1989, are taken into account.
INFLATION ADJUSTMENT
FACTOR AND REFERENCE PRICE
The inflation adjustment factor for
calendar year 2024 for qualified energy
resources is 1.9499.
The reference price for calendar year
2024 for facilities producing electricity
from wind (based upon information pro-
vided by the Department of Energy) is
3.15 cents per kilowatt hour. The refer-
ence prices for facilities producing elec-
tricity from closed-loop biomass, open-
loop biomass, geothermal energy, solar
energy, municipal solid waste, qualified
hydropower production, and marine and
hydrokinetic renewable energy have not
been determined for calendar year 2024.
PHASEOUT CALCULATION
Because the 2024 reference price for
electricity produced from wind (3.15 cents
per kilowatt hour) does not exceed 8 cents
multiplied by the inflation adjustment fac-
tor (1.9499), the phaseout of the credit pro-
vided in section 45(b)(1) does not apply to
such electricity sold during calendar year
2024. However, section 45(b)(5) provides
an additional phaseout of the credit for
wind facilities placed in service before
January 1, 2022, and the construction of
which began after December 31, 2016.
For electricity produced from closed-loop
biomass, open-loop biomass, geother-
mal energy, solar energy, municipal solid
waste, qualified hydropower production,
and marine and hydrokinetic renewable
energy, the phaseout of the credit provided
in section 45(b)(1) does not apply to such
electricity sold during calendar year 2024.
CREDIT AMOUNT FOR A
QUALIFIED FACILITY PLACED
IN SERVICE BEFORE JANUARY 1,
2022
As required by section 45(b)(2), the 1.5
cent amount provided in section 45(a)(1)
is adjusted by multiplying such amount
by the inflation adjustment factor for the
calendar year in which the sale occurs.
If any amount as increased under section
45(b)(2) is not a multiple of 0.1 cent, such
amount is rounded to the nearest multi-
ple of 0.1 cent. In the case of electricity
produced in open-loop biomass facilities,
landfill gas facilities, trash facilities, quali-
fied hydropower facilities, and marine and
hydrokinetic renewable energy facilities,
section 45(b)(4)(A) requires the amount in
effect under section 45(a)(1) for such cal-
endar year (before rounding to the nearest
0.1 cent as required by section 45(b)(2)) to
be reduced by one-half.
4

Under the calculation required by sec-
tion 45(b)(2), the credit for renewable
electricity production for calendar year
2024 determined under section 45(a) is
2.9 cents per kilowatt hour on the sale of
electricity produced in any qualified facil-
ity placed in service before January 1,
2022, from the qualified energy resources
of wind, closed-loop biomass, and geo-
thermal energy, and 1.5 cents per kilowatt
hour on the sale of electricity produced
in any qualified facility placed in service
before January 1, 2022, from the qualified
energy resources of open-loop biomass,
landfill gas, trash, qualified hydropower,
and marine and hydrokinetic renewable
energy.
4
As amended by the IRA and discussed later in this notice, the one-half reduction under section 45(b)(4)(A) no longer applies to qualified hydropower facilities and marine and hydrokinetic
renewable energy facilities placed in service after December 31, 2022.

October 7, 2024 736 Bulletin No. 2024–41
CREDIT AMOUNT FOR A
QUALIFIED FACILITY PLACED IN
SERVICE AFTER DECEMBER 31,
2021
As required by section 45(b)(2), the 0.3
cent amount provided in section 45(a)(1)
is adjusted by multiplying such amount by
the inflation adjustment factor for the cal-
endar year in which the sale occurs. If the
0.3 cent amount as adjusted for inflation
is not a multiple of 0.05 cent, the amount
is rounded to the nearest multiple of 0.05
cent. In the case of electricity produced
in open-loop biomass facilities, landfill
gas facilities, trash facilities, qualified
hydropower facilities, and marine and
hydrokinetic renewable energy facilities,
section 45(b)(4)(A) requires the amount
in effect under section 45(a)(1) for such
calendar year (determined before round-
ing as required by section 45(b)(2)) to be
reduced by one-half.
Under the calculation required by sec-
tion 45(b)(2), the credit for renewable
electricity production for calendar year
2024 determined under section 45(a) is
0.6 cents per kilowatt hour on the sale of
electricity produced in any qualified facil-
ity placed in service after December 31,
2021, from the qualified energy resources
of wind, closed-loop biomass, geothermal
energy, and solar energy, and 0.3 cents
per kilowatt hour on the sale of electricity
produced in any qualified facility placed
in service after December 31, 2021, from
the qualified energy resources of open-
loop biomass, landfill gas and trash. The
credit for renewable electricity produc-
tion for calendar year 2024 determined
under section 45(a) is also 0.3 cents per
kilowatt hour on the sale of electricity
produced in any qualified facility placed
in service after December 31, 2021, and
before January 1, 2023, from the qualified
energy resources of qualified hydropower
and marine and hydrokinetic renewable
energy.
CREDIT AMOUNT FOR QUALIFIED
HYDROPOWER FACILITIES AND
MARINE AND HYDROKINETIC
RENEWABLE ENERGY FACILITIES
PLACED IN SERVICE AFTER
DECEMBER 31, 2022
The one-half reduction under section
45(b)(4)(A) no longer applies to qual-
ified hydropower facilities and marine
and hydrokinetic renewable energy facil-
ities placed in service after December 31,
2022. Accordingly, under the calculation
required by section 45(b)(2), the credit
for renewable electricity production for
calendar year 2024 determined under sec-
tion 45(a) is 0.6 cents per kilowatt hour
on the sale of electricity produced in any
qualified facility placed in service after
December 31, 2022, from the qualified
energy resources of qualified hydropower
and marine and hydrokinetic renewable
energy.
DRAFTING AND CONTACT
INFORMATION
The principal author of this notice is
Charles Hyde of the Office of Associate
Chief Counsel (Passthroughs & Spe-
cial Industries). For further information
regarding this notice contact Mr. Hyde at
(202) 317-6853 (not a toll-free number).

Bulletin No. 2024–41 737 October 7, 2024
NOTE. This revenue procedure will be reproduced as the next revision of IRS Publication 1223, General Rules and Specifications for Substitute Forms W-2c and
W-3c.
26 CFR 601.602: Tax forms and instructions. (Also Part I, Sections 6041, 6051, 6071, 6081, 6091; 1.6041-1, 1.6041-2, 31.6051-1, 31.6051-2, 31.6071(a)-1, 31.6081(a)-
1, 31.6091-1.)
Rev. Proc. 2024-36
TABLE OF CONTENTS
Part 1 – SUBSTITUTE FORMS W-2C AND W-3C
Section 1.1 – Purpose ................................................................................738
Section 1.2 – What’s New .............................................................................740
Section 1.3 – Filing Forms W-2c and W-3c Electronically ....................................................741
Section 1.4 – Specifications for Red-Ink Substitute Forms W-2c (Copy A) and W-3c Filed With the SSA ...............741
Section 1.5 – Specifications for Substitute Black-and-White Forms W-2c (Copy A) and W-3c Filed With the SSA .......744
Section 1.6 – Requirements for Substitute Privately Printed Forms W-2c (Copies B, C, and 2) Furnished to Employees ...747
Section 1.7 – Instructions for Employers .................................................................748
Section 1.8 – OMB Requirements for Both Red-Ink and Black-and-White Substitute Forms W-2c and W-3c ............749
Section 1.9 – Order Forms and Instructions ...............................................................750
Section 1.10 – Effect on Other Documents ................................................................750
Section 1.11 – Exhibits ...............................................................................750

October 7, 2024 738 Bulletin No. 2024–41
Part 1
Substitute Forms W-2c and W-3c
Section 1.1 – Purpose
.01 The purpose of this revenue procedure is to state the requirements of the Internal Revenue
Service (IRS) and the Social Security Administration (SSA) regarding the preparation and use of
substitute forms for Form W-2c, Corrected Wage and Tax Statement, and Form W-3c, Transmittal
of Corrected Wage and Tax Statements.
.02 The official IRS Form W-2c is a six-part form and the official IRS Form W-3c is a one-part
form. Red-ink substitute forms that completely conform to the specifications contained in this
document may be privately printed without the prior approval of the IRS or the SSA. Only the
substitute black-and-white Form W-2c (Copy A) and substitute black-and-white Form W-3c need
to be submitted to the SSA for approval.
Note. Both paper substitute forms filed with the SSA, and those furnished to employees, that do
not totally conform to these specifications are not acceptable. Forms W-2c (Copy A) and Forms
W-3c that do not conform may be returned. In addition, penalties may be assessed by the IRS.
.03 Substitute red-ink forms should not be submitted to either the IRS or the SSA for specific
approval. If you are uncertain of any specification and want clarification, do the following.
1. Submit a letter to the appropriate address below citing the specification.
2. State your understanding of the specification; enclose an example.
3. Be sure to include your name, complete address, phone number, and, if applicable, your
email address with your correspondence.
.04 Any questions about the red-ink Form W-2c (Copy A) and Form W-3c should be emailed
to substituteforms@irs.gov. Please enter “Substitute Forms” on the subject line. Or send your
questions to:
Internal Revenue Service
Attn: Substitute Forms Program
C:DC:TS:CAR:MP:P:TP:TP
ATSC
4800 Buford Highway
Mail Stop 061-N
Chamblee, GA 30341
Note. Do not send completed forms to the Substitute Forms Program via email or mail as they are
unable to process those forms. Any examples/samples of substitute forms sent to the Substitute
Forms Program should not contain taxpayer information.

Bulletin No. 2024–41 739 October 7, 2024
Any questions about the substitute black-and-white Form W-2c (Copy A) and W-3c should be
emailed to copy.a.forms@ssa.gov or sent to:
Social Security Administration
Direct Operations Center
Attn: Substitute Black-and-White Copy A Forms, Room 341
1150 E. Mountain Drive
Wilkes-Barre, PA 18702-7997
Do not email or mail completed Forms W-2c (Copy A) to the SSA Substitute Black-and-White
Copy A Forms address as they are unable to process those forms. Submitters should use the
address shown on the Form W-3c.
Note. You should receive a response from either the IRS or the SSA within 30 days.
.05 Forms W-2c and envelopes containing Forms W-2c that include logos, slogans, and
advertisements (including advertisements for tax preparation software) may be considered as
suspicious or altered Forms W-2c (also known as questionable Forms W-2c). An employee may
not recognize the importance of the employee copy for tax reporting purposes due to the use
of logos, slogans, and advertisements. Thus, the IRS has determined that logos, slogans, and
advertising will not be allowed on Copy A of Forms W-2c, Forms W-3c, or any employee copies
reporting wages, or on an envelope or enclosed in an envelope containing any of those documents,
with the following exceptions:
• Forms and envelopes may include the exact name of the employer or agent, primary trade
name, trademark, service mark, or symbol of the employer or agent.
• Forms and envelopes may include an embossment or watermark on the information return
(and copies) that is a representation of the name, a primary trade name, trademark, service
mark, or symbol of the employer or agent.
• Presentation may be in any typeface, font, stylized fashion, or print color normally used by
the employer or agent; and used in a non-intrusive manner.
• These items do not materially interfere with the ability of the recipient to recognize, under-
stand, and use the tax information on the employee copies.
The IRS e-file logo on the IRS official employee copies may be included, but it is not required, on
any of the substitute form copies.
The information return and employee copies must clearly identify the employer’s name associated
with its employer identification number (EIN).
Forms W-2c and W-3c are subject to annual review and possible change. This revenue procedure
may be revised to state other requirements of the IRS and the SSA regarding the preparation and
use of substitute forms for Form W-2c and Form W-3c for corrections to be made at a future date.
If you have comments about the prohibition against including slogans, advertising, and logos on
information returns and employee copies, email or send your comments to: substituteforms@irs.
gov or Internal Revenue Service, Attn: Substitute Forms Program, C:DC:TS:CAR:MP:P:TP:TP,
ATSC, 4800 Buford Highway, Mail Stop 061-N, Chamblee, GA 30341.

October 7, 2024 740 Bulletin No. 2024–41
.06 The Internal Revenue Service/Technical Service Operation (IRS/TSO) maintains a centralized
customer service call site to answer questions related to information returns (Forms W-2, W-3,
W-2c, W-3c, 1099 series, 1096, etc.). You can reach the call site at 866-455-7438 (toll free) or
304-263-8700 (not a toll-free number). Deaf or hard-of-hearing customers may call any of our
toll-free numbers using their choice of relay service. Questions regarding the filing of information
returns can be emailed to fire@irs.gov. When you send emails concerning specific file information,
include the company name and the electronic file name or Transmitter Control Code (TCC). Do
not include tax identification numbers (TINs) or attachments in email correspondence because
electronic mail is not secure.
File paper or electronic Forms W-2c (Copy A) with the SSA. The IRS/TSO does not process
Forms W-2c (Copy A).
.07 The following form instructions and publications provide more detailed filing procedures for
certain information returns.
• General Instructions for Forms W-2 and W-3 (Including Forms W-2AS, W-2CM, W-2GU,
W-2VI, W-3SS, W-2c, and W-3c).
• Publication 1141, General Rules and Specifications for Substitute Forms W-2 and W-3.
Section 1.2 – What’s New
.01 OMB Number. The June 2024 revisions of Forms W-2c and W-3c have a new OMB Number:
1545-0029. This number is the same as that for the 2025 and later Forms W-2 (including territorial
Forms W-2), W-3, W-3SS, and various revisions of other employment tax forms.
.02 Changes to IRS customer service information. The Internal Revenue Service/Information
Returns Branch (IRS/IRB) is now known as the Internal Revenue Service/Technical Service
Operation (IRS/TSO). The phone numbers for the call site have not changed. However, the
address for email inquiries has changed to ire@irs.gov. See Section 1.1.06 above for more
information.
.03 IRS address change. Inquiries about the red-ink Form W-2c (Copy A) and Form W-3c
should be sent to the IRS at: Internal Revenue Service, Attn: Substitute Forms Program,
C:DC:TS:CAR:MP:P:TP:TP, ATSC, 4800 Buford Highway, Mail Stop 061-N, Chamblee, GA
30341.
.04 Identifying number 44444. We clarified Section 1.6.05 to add that the identifying number
“44444” and “For Official Use Only” text are not required to be included on employee copies of
substitute Forms W-2c.
.05 Exhibits. All of the exhibits in this publication were updated for the June 2024 revisions of
those forms.
.06 Editorial changes. We made editorial changes throughout, including to update references.
Redundancies were eliminated as much as possible.

Bulletin No. 2024–41 741 October 7, 2024
Section 1.3 – Filing Forms W-2c and W-3c Electronically
.01 If an employer was required to electronically file the original Form W-2, they must
electronically file any Form W-2c correcting that form. If the original Form W-2 was permitted to
be filed on paper and was filed on paper, then the employer must file any Form W-2c correcting
that form on paper. See Regulations section 301.6011-2(c)(4)(ii) for more information. SSA
publication EFW2C, Specifications for Filing Forms W-2c Electronically, contains specifications
and procedures for filing Forms W-2c. Employers are cautioned to obtain the most recent revision
of EFW2C (and supplements) due to any subsequent changes in specifications and procedures.
Instead of the EFW2C upload format, the employer can use SSA’s online fill-in forms to create,
save, print, and submit up to 25 Forms W-2c at a time to the SSA. For more information, go to
SSA.gov/employer/.
.02 You may obtain a copy of the EFW2C by accessing the SSA website at SSA.gov/employer/
EFW2&EFW2C.
.03 Electronic filers do not file a paper Form W-3c. See the SSA publication EFW2C for guidance
on transmitting Form W-2c (Copy A) information to the SSA electronically.
.04 Employers who do not comply with the electronic filing requirements for Form W-2c (Copy
A) and who are not granted a waiver by the IRS may be subject to penalties. Employers who file
Form W-2c information with the SSA electronically must not send the same data to the SSA on
paper Forms W-2c (Copy A). Any duplicate reporting may subject filers to unnecessary contacts
by the SSA or the IRS.
Section 1.4 – Specifications for Red-Ink Substitute Forms W-2c (Copy A) and W-3c Filed With the SSA
.01 The official IRS-printed red dropout ink Form W-2c (Copy A) and W-3c and their exact
substitutes are referred to as red-ink in this revenue procedure. Employers may file substitute
Forms W-2c (Copy A) and W-3c with the SSA. The substitute forms must be exact replicas of
the official IRS forms with respect to layout and content because they will be read by scanner
equipment. Even the slightest deviation can result in incorrect scanning, and may affect money
amounts reported for employees.
.02 Color and paper quality for Form W-2c (Copy A) (cut sheets and continuous pin-fed forms) and
Form W-3c must be white 100% bleached chemical wood, optical character recognition (OCR)
bond. The contractor must initiate or have a quality control program to assure OCR ink density.
•Acidity: Ph value, average, not less than . . . . . . . . . . . . . . . . . . . . . . . . 4.5
•Basis weight: 17 x 22 inch 500 cut sheets, pound . . . . . . . . . . . . . . . . . 18–20
•Metric equivalent—gm./sq. meter
(a tolerance of +5 pct. is allowed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68–75
•Stiffness: Average, each direction, not less than—milligrams
Cross direction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50
Machine direction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

October 7, 2024 742 Bulletin No. 2024–41
•Tearing strength: Average, each direction, not less
than—grams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
•Opacity: Average, not less than—percent . . . . . . . . . . . . . . . . . . . . . 82
•Reflectivity: Average, not less than—percent . . . . . . . . . . . . . . . . . . 68
•Thickness: Average—inch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0038
Metric equivalent—mm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.097
(a tolerance of +0.0005 inch (0.0127 mm) is allowed). Paper cannot
vary more than 0.0004 inch (0.0102 mm) from one edge to the other.
•Porosity: Average, not less than—seconds . . . . . . . . . . . . . . . . . . . . 10
•Finish (smoothness): Average, each side—seconds . . . . . . . . . . . . . . . 20–55
(for information only) the Sheffield equivalent—units . . . . . . . . . . . . . 170-d200
•Dirt: Average, each side, not to exceed—parts per million . . . . . . . . . ..8
Note. Reclaimed fiber in any percentage is permitted, provided the requirements of this standard
are met.
.03 All printing of substitute Forms W-2c (Copy A) and W-3c must be in Flint J-6983 red OCR
dropout ink except as specified below. The following must be printed in nonreflective black ink:
• Identifying number “44444” for Forms W-2c (Copy A) or “55555” for Form W-3c at the top
of the forms.
• The four (4) corner register marks on the forms.
• The form identification number (“W-3c”) at the bottom of Form W-3c.
• All the instructions below Form W-3c beginning with “Purpose of Form” to the end of Form
W-3c.
.04 The vertical and horizontal spacing on Forms W-2c and W-3c must meet specifications. See
Exhibits A and B.
• On Form W-3c and Form W-2c (Copy A), all the perimeter rules must be 1-point (0.014-
inch), while all other rules must be one-half point (0.007-inch). Vertical rules must be paral-
lel to the left edge of the form; horizontal rules parallel to the top edge.
• The top, left, and right margins on Form W-2c (Copy A) and Form W-3c must be 0.50
inches. The width of a substitute Form W-2c (Copy A) or W-3c must be 7.50 inches. See
Exhibits A and B.
• The first three columns on Form W-2c (Copy A) and Form W-3c must measure 1.90 inches
in width.
• The last column on Form W-2c (Copy A) and Form W-3c must measure 1.80 inches in
width.
.05 The official red-ink Form W-3c and Form W-2c (Copy A) are 7.50 inches wide. Employers
filing Forms W-2c (Copy A) with the SSA on paper must also file a Form W-3c. One Form W-2c
(Copy A) or Form W-3c is contained on a standard-size, 8.5 x 11-inch page.
.06 The top, left, and right margins for the Form W-2c (Copy A) and Form W-3c are 0.50 inches
(
1
/2 inch). All margins must be free of printing except for the words “DO NOT CUT, FOLD,

Bulletin No. 2024–41 743 October 7, 2024
OR STAPLE THIS FORM” on red-ink Form W-2c (Copy A) and “DO NOT CUT, FOLD, OR
STAPLE” on red-ink Form W-3c.
.07 The identifying numbers are “44444” for Form W-2c and “55555” for Form W-3c. No printing
should appear anywhere near the identifying numbers.
Note. The identifying number must be printed in nonreflective black ink in OCR-A font of 10
characters per inch.
.08 Continuous pin-fed Forms W-2c (Copy A) must be separated into 11-inch deep pages. The pin-
fed strips must be removed when Forms W-2c (Copy A) are filed with the SSA.
.09 Box 12 of Form W-2c (Copy A) contains four entry boxes – 12a, 12b, 12c, and 12d. Do not
make more than one entry per box. Enter your first code in box 12a (for example, enter Code
D in box 12a, not 12d, if it is your first entry). If more than four items need to be reported in
box 12, use a second Form W-2c to report the additional items (see Multiple forms in the most
recent General Instructions for Forms W-2 and W-3). Do not report the same federal tax data to
the SSA on more than one Form W-2c (Copy A). However, repeat the identifying information
(employee’s name, address, and SSN; employer’s name, address, and EIN) on each additional
form.
.10 The checkboxes in box 13 of Form W-2c (Copy A) must be 0.14 inches each. Each space before
the first checkbox is 0.20 inches; each space between the first checkbox and second checkbox
should be 0.36 inches; each space between the second and third checkboxes should be 0.44 inches;
and each space between the third checkbox to the margin of box 13 should be 0.48 inches. The
checkboxes in box c of Form W-3c must also be 0.14 inches.
Note. More than 50% of an applicable checkbox must be covered by an “X.”
.11 All substitute Forms W-2c (Copy A) and W-3c in the red-ink format must have the form
number and form title printed on the bottom face of each form using type identical or a close
approximation to that of the official IRS form. The red-ink substitute must have the form producer’s
(not the form filer’s) EIN entered in red in place of the Cat. No. (directly to the left of “Department
of the Treasury” on Form W-2c (Copy A) and at the bottom on Form W-3c).
.12 The words “For Privacy Act and Paperwork Reduction Act Notice, see the separate
instructions.” must be printed on all Forms W-2c (Copy A) and Forms W-3c.
.13 The Office of Management and Budget (OMB) Number must be printed on substitute Forms
W-3c and W-2c (Copy A) (on each ply) in the same location as on the official IRS forms.
.14 All substitute Forms W-3c must include the instructions that are printed on the same sheet
below the official IRS form.
.15 The appropriate SSA filing address information must be printed on the front of Form W-3c
below the body of the form as shown below.

October 7, 2024 744 Bulletin No. 2024–41
If you use the U.S. Postal Service, send this entire page with Copy A of Form W-2c to:
Social Security Administration
Direct Operations Center
P.O. Box 3333
Wilkes-Barre, PA 18767-3333
Note: If you use an IRS-approved private delivery service to file, replace “P.O. Box 3333”
with “Attn: W-2c Process, 1150 E. Mountain Dr.” in the address and change the ZIP code to
“18702-7997.” Go to www.IRS.gov/PDS for a list of IRS-approved private delivery services.
.16 The back of substitute Form W-2c (Copy A) and Form W-3c must be free of all printing.
.17 All copies must be clearly legible. Fading must be minimized to assure legibility.
.18 Chemical transfer paper is permitted for Form W-2c (Copy A) only if the following standards
are met:
• Only chemically backed paper is acceptable for Form W-2c (Copy A). Front and back chem-
ically treated paper cannot be processed properly by scanning equipment.
• Chemically transferred images must be black.
• Carbon-coated forms are not permitted.
.19 The Government Printing Office (GPO) symbol and the Catalog Number (Cat. No.) must be
deleted from substitute Form W-2c (Copy A) and Form W-3c.
.20 The sequence for assembling the copies of Form W-2c is as follows.
• Copy A—For Social Security Administration
• Copy 1—For State, City, or Local Tax Department
• Copy B—To Be Filed With Employee’s FEDERAL Tax Return
• Copy C—For EMPLOYEE’S RECORDS
• Copy 2—To Be Filed With Employee’s State, City, or Local Income Tax Return
• Copy D—For Employer
Section 1.5 – Specifications for Substitute Black-and-White Forms W-2c (Copy A) and W-3c Filed With the SSA
.01 The SSA-approved substitute black-and-white Forms W-2c (Copy A) and W-3c are referred
to as substitute black-and-white Form W-2c (Copy A) and W-3c. Specifications for the substitute
black-and-white Form W-2c (Copy A) and W-3c are similar to the red-ink forms (Section 1.4)
except for the items that follow (see Exhibits C and D). You may contact the SSA via email at
copy.a.forms@ssa.gov for more information.

Bulletin No. 2024–41 745 October 7, 2024
Note. Exhibits are samples only and may not show the required typeface and/or font. Exhibits
must not be downloaded to meet tax obligations.
1. Forms must be printed on 8.5 x 11-inch single-sheet paper only, not on continuous pin-fed
paper. There must be one Form W-2c (Copy A) or W-3c printed on a page.
2. All forms and data must be printed in nonreflective black ink only.
3. The data and forms must be programmed to print simultaneously. Forms cannot be produced
separately from wage data entries.
4. The forms must not contain corner register marks.
5. The forms must not contain any shaded areas including those boxes that are entirely shaded
on the red-ink forms.
6. Identifying numbers on both Form W-2c (“44444”) and Form W-3c (“55555”) must be pre-
printed in 14-point Arial bold font or a close approximation.
7. The form numbers (“W-2c” and “W-3c”) must be in 18-point Arial font or a close approxi-
mation.
8. No part of the box titles or the data printed on the forms may touch any of the vertical or
horizontal lines, nor should any of the data intermingle with the box titles. The data should
be centered in the boxes.
9. Do not print any information in the margins of the black-and-white forms (for example, do
not print “DO NOT CUT, FOLD, OR STAPLE” in the top margin of Form W-3c).
10. The word “Code” must not appear in box 12 on Form W-2c (Copy A).
11. A 4-digit vendor code (not filer code) preceded by four zeros and a slash (for example,
0000/9876) must appear in 12-point Arial font, or a close approximation, in place of the Cat.
No. to the left of “Department of the Treasury” on Form W-2c (Copy A) and in the bottom
right corner of Form W-3c.
Note. Do not display the form producer’s EIN. The vendor code will be used to identify the
form producer.
12. Do not print Catalog Numbers (Cat. No.) on either Form W-2c (Copy A) or Form W-3c.
13. Do not print dollar signs. If there are no money amounts being reported, the entire field
should be left blank.
Note. Although substitute Copy 1 of Form W-2c can be printed in black instead of the red dropout
ink, it should conform as closely as possible to Copy A of the official IRS form in content, format,
and layout in order to satisfy state and local reporting requirements.
.02 The dimensions for the substitute black-and-white Forms W-2c (Copy A) and W-3c are as
follows. See Exhibits C and D.
1. The top, left, and right margins on Form W-2c (Copy A) and Form W-3c must measure
1
/2
(0.50) inch.
2. The distance from the top line of Form W-3c to the bottom line of the form must measure 7
and
3
/16 (7.19) inches.

October 7, 2024 746 Bulletin No. 2024–41
3. The distance from the top line of Form W-2c (Copy A) to the bottom line of the form must
measure 9 and
1
/3 (9.33) inches.
4. Each box on Form W-2c (Copy A) and Form W-3c must measure
1
/3 (0.33) inch in height
except as otherwise established.
5. Box b on Form W-3c must measure one (1.00) inch in height.
6. Box a on Form W-2c (Copy A) must measure 1 and
1
/3 (1.33) inches in height and box 14
must measure
5
/6 (0.83) inch in height.
7. The first three columns on the right of Form W-2c (Copy A) and Form W-3c must measure 1
and
9
/10 (1.90) inches in width.
8. The last column on the right of Form W-2c (Copy A) and Form W-3c must measure 1 and
8
/10 (1.80) inches in width.
9. The “Explain decreases here” box must measure
1
/3 (0.33) inch and the “Signature” box on
Form W-3c must measure
1
/2 (0.50) inch in height.
.03 You must submit samples of your black-and-white substitute Forms W-2c (Copy A) and W-3c
to the SSA. Only black-and-white substitute Forms W-2c (Copy A) and W-3c will be accepted for
approval by the SSA. All checkboxes on the dummy-data substitute black-and-white Form W-3c
must be electronically checked in box c (Kind of Payer, Kind of Employer, and Third-party sick
pay). Questions regarding other forms (that is, red-ink Forms W-2, W-2c, W-3, W-3c, 1099 series,
1096, etc.) must be directed to the IRS. Also, see IRS Publications 1141 and 1179.
.04 You will be required to send one set of blank and one set of dummy-data substitute black-
and-white Form W-2c (Copy A) and W-3c for approval. Sample data entries should be filled in to
the maximum length for each box entry, preferably using numeric data or alpha data, depending
upon the type required to be entered. Include in your submission the name, telephone number, fax
number, and email address of a contact person who can answer questions regarding your sample
forms.
.05 To receive approval, you may first contact the SSA at copy.a.forms@ssa.gov to obtain a
template and further instructions. You can either submit your sample substitute black-and-
white Forms W-2c (Copy A) and Forms W-3c in a PDF version electronically for approval to
the copy.a.forms@ssa.gov mailbox or send your paper sample substitute black-and-white Forms
W-2c (Copy A) and Forms W-3c to:
Social Security Administration
Direct Operations Center
Attn: Substitute Black-and-White Copy A Forms, Room 341
1150 E. Mountain Drive
Wilkes-Barre, PA 18702-7997
Send your sample forms via private mail carrier or certified mail in order to verify their receipt.
You can expect approval (or disapproval) by the SSA within 30 days of receipt of your sample
forms.
Do not mail completed Forms W-2c (Copy A) and W-3c to the Substitute Black-and-White Forms
(Copy A) address. Submitters should use the address shown on the Form W-3c.

Bulletin No. 2024–41 747 October 7, 2024
.06 Vendor codes from the National Association of Computerized Tax Processors (NACTP)
are required by those companies producing the W-2 family of forms as part of a product for
resale to be used by multiple employers and payroll professionals. Employers developing
Forms W-2c or W-3c to be used only for their individual company require a vendor code
issued by the SSA.
.07 The 4-digit vendor code preceded by four zeros and a slash (0000/9876) must be preprinted
on the sample black-and-white substitute Forms W-2c and W-3c. Forms not containing a vendor
code will be rejected and will not be submitted for testing or approval. If you have a valid vendor
code provided to you through the NACTP, you should use that code. If you do not have a valid
vendor code, contact the SSA at copy.a.forms@ssa.gov to obtain an SSA-issued code. (Additional
information on vendor codes may be obtained from the SSA or the NACTP via email at president@
nactp.org.)
.08 If you use forms produced by a vendor and have questions concerning approval, do not
send the forms to the SSA for approval. Instead, you may contact the software vendor to obtain a
copy of SSA’s dated approval notice supplied to that vendor.
Section 1.6 – Requirements for Substitute Privately Printed Forms W-2c (Copies B, C, and 2) Furnished to Employees
Note. Rules in Section 1.6 apply only to employee copies of Form W-2c (Copies B, C, and 2).
Printers are cautioned that the paper filers who send Forms W-2c (Copy A) to the SSA must follow
the requirements in Sections 1.4 and/or 1.5 above.
.01 All employers (including those who file electronically) must furnish employees with at least
two copies of Form W-2c (three or more for employees required to file a state, city, or local income
tax return). Employee copies do not require approval as long as these requirements are followed.
.02 Chemical transfer paper for employee copies must be clearly legible, have the capability to be
photocopied, and not fade to such a degree as to preclude legibility and the ability to photocopy.
.03 The paper for all copies must be white and printed in black ink. The substitute Copy B (or its
equal), which employees are instructed to attach to their federal income tax returns, as well as all
other copies furnished to employees, should be at least 9-pound paper (basis 17 x 22-500). See
Section 1.4.02.
.04 Type must be substantially identical in size and shape to that on the official form.
.05 Substitute forms for employees need to contain only the payment boxes and captions that
are applicable. These boxes, box numbers, and box titles must, when applicable, match the IRS-
printed form. In all cases, the employee name, address, and SSN, as well as the employer name,
address, and EIN, must be present. The identifying number “44444” and “For Official Use Only”
text on the IRS-printed Form W-2c employee copies (Copies B, C, and 2) are not required to be
included on employee copies of substitute Forms W-2c.
.06 The dimensions of the boxes on these copies (Copies B, C, and 2), but not Copy A, may be
adjusted to allow space for conveying additional information. This may permit the employer to
eliminate other statements or notices that would otherwise be furnished to employees.

October 7, 2024 748 Bulletin No. 2024–41
.07 The maximum allowable dimensions for employee copies of Form W-2c are no more than
11.00 inches deep by 8.50 inches wide. The minimum allowable dimensions for employee copies
of Form W-2c are 2.67 inches deep by 4.25 inches wide.
Note. These maximum and minimum size specifications are subject to future change.
.08 Either horizontal or vertical format is permitted for substitute employee copies of Forms W-2c.
That is, the width of the form may be either greater or less than the depth of the form.
.09 All copies of Form W-2c must clearly and prominently display the form number and the form
title together in one area of the form. It is recommended (but not required) that this be located
on the bottom left of Form W-2c. The reference to the “Department of the Treasury – Internal
Revenue Service” must be on all copies of Form W-2c. It is recommended (but not required) that
this be located on the bottom right of Form W-2c.
.10 If the substitute Forms W-2c are not labeled as to the disposition of the copies, then written
notification must be provided to each employee as specified below.
• The first copy of Form W-2c (Copy B) is filed with the employee’s federal tax return.
• The second copy of Form W-2c (Copy C) is for the employee’s records.
• If applicable, the third copy (Copy 2) of Form W-2c is filed with the employee’s state, city,
or local income tax return.
If the substitute Forms W-2c are labeled, the forms must contain the applicable description as
stated on the official form.
.11 Instructions similar to those on the back of Form W-2c (Copy C) of the official form must be
provided to each employee.
Section 1.7 – Instructions for Employers
.01 Privately printed substitute Forms W-2c are not required to contain a copy to be retained by
employers (Copy D). However, employers must retain copies of the Forms W-2c (Copy A) filed
with the SSA or have the ability to reconstruct the data for at least 4 years. Employers must be able
to generate a facsimile of Form W-2c (Copy A), in case of loss.
.02 If Copy D is provided for the employer, instructions contained on the back of Copy D of the
official form must appear on the back of the substitute form. If Copy D is not provided, these
instructions must be furnished to the employer on a separate statement.
.03 Only originals or compliant substitute copies of Forms W-2c (Copy A) and Forms W-3c may
be filed with the SSA. Carbon copies and photocopies are unacceptable.
.04 Employers should type or machine-print entries on plain paper forms whenever possible and
provide good quality data entries by using a high quality type face, inserting data in the middle of
blocks that are well separated from other printing and guidelines, and taking any other measures
that will guarantee clear, sharp images.

Bulletin No. 2024–41 749 October 7, 2024
.05 Because employers must file a machine-scannable Form W-2c, they should meet the following
requirements.
• Use 12-point Courier font or a close approximation for data entries.
• Proportional-spaced fonts are unacceptable.
• Do not print any data in the top margin of the forms.
.06 The employer must also provide employee copies of Forms W-2c (Copies B, C, and 2) that are
legible and able to be photocopied (by the employee).
.07 When Forms W-2c or W-3c are typed, black ink must be used with no script type, inverted font,
italics, or dual-case alpha characters.
.08 Forms W-2c (Copy A) require decimal entries for wage data. Do not print dollar signs with
money amounts on Forms W-2c (Copy A) and Form W-3c.
.09 The filer’s employer identification number (EIN) must be entered in box (b) of Form W-2c and
box (e) of Form W-3c.
.10 The employer’s name, address, EIN, and state ID number may be preprinted.
.11 Employers must not truncate the employee’s SSN on Copy A of Forms W-2c. See the General
Instructions for Forms W-2 and W-3 for more information.
Section 1.8 – OMB Requirements for Both Red-Ink and Black-and-White Substitute Forms W-2c and W-3c
.01 The Paperwork Reduction Act (the Act) of 1995 (Public Law 104-13) requires the following.
• The Office of Management and Budget (OMB) approves all IRS tax forms that are subject
to the Act.
• Each IRS form contains (in or near the upper right corner) the OMB approval number, if
assigned—the official OMB numbers may be found on the official IRS printed forms and are
also shown on the forms in the exhibits.
• Each IRS form (or its instructions) states:
1. Why the IRS needs the information,
2. How it will be used, and
3. Whether or not the information is required to be furnished to the IRS.
.02 This information must be provided to any users of official or substitute IRS forms or instructions.
.03 The OMB requirements for substitute IRS Form W-2c and Form W-3c are the following.
• Any substitute form or substitute statement to a recipient must show the OMB number as it
appears on the official IRS form.

October 7, 2024 750 Bulletin No. 2024–41
• The OMB number for both Form W-2c (Copy A) and Form W-3c is 1545-0029 and must
appear exactly as shown on the official IRS form.
• For any copy of Form W-2c, other than Copy A, the OMB number must use one of the fol-
lowing formats.
1. OMB No. 1545-xxxx (preferred) or
2. OMB # 1545-xxxx (acceptable).
.04 Any substitute Form W-3c and Form W-2c (Copy A only) must state “For Privacy Act and
Paperwork Reduction Act Notice, see the separate instructions.” If no instructions are provided to
users of your forms, you must furnish them with the exact text of the Privacy Act and Paperwork
Reduction Act Notice in the General Instructions for Forms W-2 and W-3.
Section 1.9 – Order Forms and Instructions
.01 You can order official IRS Forms W-2c, Forms W-3c, and the General Instructions for Forms
W-2 and W-3 (Including Forms W-2AS, W-2CM, W-2GU, W-2VI, W-3SS, W-2c, and W-3c)
online at IRS.gov/OrderForms.
Only contact the IRS, not the SSA, for forms.
.02 Copies of Form W-2c (Copy A) and Form W-3c downloaded from IRS.gov cannot be used for
filing with the SSA. These copies of Forms W-2c and W-3c are for information purposes only.
Section 1.10 – Effect on Other Documents
.01 Revenue Procedure 2023-39, 2023-52 I.R.B. dated December 26, 2023 (reprinted as Publication
1223, Revised 12-2023), is superseded.
Section 1.11 – Exhibits
Exhibits A through D provide the general measurements for Forms W-2c and W-3c as discussed
in this revenue procedure. Exhibits are samples only and may not show the required typeface and/
or font. Exhibits must not be downloaded to meet tax obligations. Certain exhibits show a 0000/
in the location designated for your vendor code. See Section 1.5.01, item 11, and Section 1.5.06
for more information.
Exhibit A — Form W-2c (Copy A) (Red-Ink) 06-2024
Exhibit B — Form W-3c (Red-Ink) 06-2024
Exhibit C — Form W-2c (Copy A) (Substitute Laser/ Black-and-White) 06-2024
Exhibit D — Form W-3c (Substitute Laser/Black-and-White) 06-2024

Bulletin No. 2024–41 751 October 7, 2024
15

October 7, 2024 752 Bulletin No. 2024–41
16

Bulletin No. 2024–41 753 October 7, 2024
17

October 7, 2024 754 Bulletin No. 2024–41
18

Bulletin No. 2024–41 755 October 7, 2024
26 CFR 601.601: Rules and regulations.
(Also Part 1, §§103, 148; 1.148-3, 1.148-5, 1.148-7,
1.148-10, 1.148-11, 1.148-13T.)
Rev. Proc. 2024-37
SECTION 1. PURPOSE
This revenue procedure provides guid-
ance to issuers of tax-exempt and other
tax-advantaged bonds (as defined in
§ 1.150-1(b) of the Income Tax Regula-
tions
1
) regarding the procedures for filing
claims for recovery of overpayments (as
defined in § 1.148-3(i)(1)) of amounts
paid to the United States with respect to
the rebate requirement under § 148(f) for
excess investment earnings, the penalty in
lieu of rebate provisions under § 148(f)(4)
(C)(vii) and (viii), or the yield reduction
payment provisions under § 1.148-5(c).
This revenue procedure modifies and
supersedes Rev. Proc. 2008-37, 2008-2
(Vol.1) C.B. 137, as modified by Rev.
Proc. 2017-50, 2017-37 I.R.B. 234, and
supersedes Rev. Proc. 2017-50.
SECTION 2. BACKGROUND
.01 Under § 103(b)(2), the exclusion
from gross income of interest on any
State or local bond under § 103(a) does
not apply to interest on an arbitrage bond
within the meaning of § 148.
.02 The requirements of § 148 apply to
tax-exempt bonds and, generally, to other
tax-advantaged bonds.
.03 Section 148(f)(1) generally pro-
vides that a bond that is part of an issue
is treated as an arbitrage bond, unless the
issuer pays to the United States any rebate
amounts described in § 148(f)(2) (rebate)
for the issue in accordance with § 148(f)
(3).
.04 Section 148(f)(3) provides, in part,
that, except to the extent provided by the
Secretary of the Treasury or her delegate,
rebate must be paid in installments that are
made at least once every five years. The
last installment must be made no later than
60 days after the date on which the last
bond of the issue is redeemed.
.05 Section 148(f)(4)(C)(vii) and (viii)
permit issuers of construction issues (as
defined in § 148(f)(4)(C)(iv)) to elect to
pay a penalty in lieu of rebate in the man-
ner and amount described in § 148(f)(4)
(C)(vii) and (viii).
.06 Section 1.148-5(c)(1) permits issu-
ers to pay yield reduction payments to
the United States that may be taken into
account in determining the yield on an
investment for purposes of § 148 in the
circumstances and manner described in
§ 1.148-5(c).
.07 Section 1.148-3(i)(1) provides that,
in general, an issuer may recover an over-
payment of rebate by establishing to the
satisfaction of the Commissioner of Inter-
nal Revenue or his delegate (Commis-
sioner) that the overpayment occurred. An
overpayment is the excess of the amount
paid to the United States for an issue over
the sum of the “rebate amount” (as defined
in §§ 1.148-1(b) and 1.148-3(b)) as of
the most recent “computation date” (as
defined in § 1.148-3(e)) and all amounts
that are otherwise required to be paid
under § 148 as of the date the recovery is
requested. Under § 1.148-3(e)(2), the final
computation date generally is the date that
an issue is discharged.
.08 In general, overpayments of the
penalty in lieu of rebate and yield reduc-
tion payments are treated in the same
manner as overpayments of rebate. See
generally, §§ 1.148-3(i)(1), 1.148-3(i)(2)
(ii), 1.148-5(c)(1) and (2), and 1.148-7(k)
(3) and (m).
.09 Section 1.148-3(i)(3)(i) provides
that an issuer must request a refund of
an overpayment (claim) no later than the
date that is two years after the final com-
putation date for the issue to which the
overpayment relates (filing deadline). The
claim must be made using the form pro-
vided by the Commissioner for this pur-
pose.
.10 Section 1.148-3(i)(3)(ii) provides
that the Commissioner may request addi-
tional information to support a claim. The
issuer must file the additional information
by the date specified in the Commission-
er’s request, which date may be extended
by the Commissioner if unusual circum-
stances warrant. An issuer will be given
at least 21 calendar days to respond to a
request for additional information.
.11 Section 1.148-3(i)(3)(iii) provides
that a claim described in either § 1.148-3(i)
(3)(iii)(A) or (B) that has been denied by
the Commissioner may be appealed to the
Independent Office of Appeals (Appeals).
A claim is described in § 1.148-3(i)(3)(iii)
(A) if the Commissioner asserts that the
claim was filed after the filing deadline. A
claim is described in § 1.148-3(i)(3)(iii)
(B) if the Commissioner asserts that addi-
tional information to support the claim
was not submitted within the time speci-
fied in the request for information or in any
extension of such specified time period.
The procedures for an issuer of tax-advan-
taged bonds to request an administrative
appeal to Appeals are provided in Rev.
Proc. 2021-10, 2021-4 I.R.B. 503. When
an appeal of a claim described in either
§ 1.148-3(i)(3)(iii)(A) or (B) is deter-
mined in favor of the issuer, Appeals must
return the case to the office that is respon-
sible for examinations of tax-advantaged
bonds (presently the Office of Tax Exempt
Bonds) for further consideration of the
substance of the claim.
.12 Section 1.148-11(k)(3)(i) provides
that § 1.148-3(i)(3)(i) applies to claims
for recovery of overpayments arising
from an issue of bonds to which § 1.148-
3(i) applies and for which the final com-
putation date is after June 24, 2008. For
purposes of § 1.148-3(k)(3)(i), issues for
which the actual final computation date is
on or before June 24, 2008, are deemed
to have a final computation date of July
1, 2008, for purposes of applying § 1.148-
3(i)(3)(i).
.13 Section 1.148-11(k)(3)(ii) provides
that § 1.148-3(i)(3)(ii) and (iii) apply to
claims arising from an issue of bonds to
which § 1.148-3(i) applies and for which
the final computation date is after Septem-
ber 16, 2013.
.14 Section 1.148-13T of the Tem-
porary Income Tax Regulations (1992
regulations), which was published in the
Federal Register on May 18, 1992 (T.D.
8418, 1992-1 C.B. 29 [57 F.R. 20971]),
provides rules for recovering an overpay-
ment of rebate or penalty in lieu of rebate
with respect to certain bonds issued before
July 1, 1993. Under § 1.148-13T(a) and
(c)(1) of the 1992 regulations, an issuer
1
Unless otherwise specified, all “section” or “§” references are to sections of the Internal Revenue Code or the Income Tax Regulations (26 CFR part 1).

October 7, 2024 756 Bulletin No. 2024–41
may recover an overpayment of rebate or
penalty in lieu of rebate to the extent that
recovery on the date requested would not
result in an additional rebate amount as of
the date requested if the issuer proves to
the satisfaction of the Commissioner that
the overpayment occurred and was paid
because of a mistake.
.15 Rev. Proc. 2008-37 sets forth pro-
cedures for filing claims for the refund of
overpayments of rebate, penalty in lieu of
rebate, or yield reduction payments. Rev.
Proc. 2008-37 imposes the same deadline
for filing such claims as the filing deadline
in § 1.148-3(i)(3)(i). Section 1.148-10(g)
provides authority to the Commissioner to
waive regulatory limitations under certain
circumstances. Specifically, § 1.148-10(g)
provides that, notwithstanding any specific
provision in §§ 1.148-1 through 1.148-11,
the Commissioner may prescribe exten-
sions of temporary periods, larger rea-
sonably required reserve or replacement
funds, or consequences of failures or
remedial action under § 148 in lieu of or
in addition to other consequences of those
failures, or take other action, if the Com-
missioner finds that good faith or other
similar circumstances so warrant, con-
sistent with the purposes of § 148. In the
interest of sound tax administration and in
reliance on the authority provided under
§ 1.148-10(g), Rev. Proc. 2017-50 extends
the time for filing claims to recover over-
payments under § 148 to ensure that
issuers have a reasonable opportunity to
recover overpayments made both before
and after the final computation date. Rev.
Proc. 2017-50 adds 60 days to the existing
two-year deadline under § 1.148-3(i)(3)
(i) and provides a new two-year deadline
with respect to the payments made after
the date that is 60 days after the final com-
putation date.
SECTION 3. SCOPE
This revenue procedure applies to
claims submitted pursuant to § 1.148-3(i)
of any overpayment of an amount paid by
an issuer of tax-exempt and other tax-ad-
vantaged bonds to the United States to
meet the requirements of § 148, including
a payment of rebate, a payment of a pen-
alty in lieu of rebate, and a yield reduc-
tion payment. Claims that are made under
the 1992 regulations will be treated in
the same manner as claims made under
§ 1.148-3(i).
SECTION 4. PROCEDURE FOR
CLAIMS FOR RECOVERY OF
OVERPAYMENT OF REBATE,
PENALTY IN LIEU OF REBATE,
AND YIELD REDUCTION
PAYMENTS
.01 Form 8038-R, Request for Recovery
of Overpayments Under Arbitrage Rebate
Provisions. A claim must be made by
completing and timely filing Form 8038-
R, Request for Recovery of Overpayments
Under Arbitrage Rebate Provisions, and
any attachments thereto with the Internal
Revenue Service in accordance with the
Form 8038-R instructions (or the then-ap-
plicable form and instructions as may be
announced by the Internal Revenue Ser-
vice from time to time).
.02 Timely filing of a claim. An issuer
must file a claim for refund of an overpay-
ment with respect to an issue of bonds no
later than two years after:
(1) the date that is 60 days after the final
computation date of the issue to which the
payment relates; or
(2) with respect to the portion of the
overpayment paid more than 60 days
after the final computation date, the date
that the payment was made to the United
States.
.03 Processing claims. The Commis-
sioner may allow a claim, reject a claim
under circumstances described in section
4.03(1) of this revenue procedure (Claim
Rejection), or deny a claim in full or in
part as described in section 4.03(2) of this
revenue procedure (Claim Denial).
(1) Claim Rejection. The Commis-
sioner may reject a claim based on an
issuer’s (i) failure to follow procedures or
requirements for filing or supporting the
claim, or (ii) submission of a claim that
relies on substantive matters that were
previously reviewed and resulted in a
Claim Denial (without regard to whether
the Claim Denial has become final or
not), or a closing agreement. If a claim is
rejected, the Commissioner will notify the
issuer by letter explaining the reasons for
the rejection.
(a) Failure to meet the requirements
for processing a claim. If the issuer fails
to follow procedures or requirements for
filing or supporting a claim (as described
in section 4.03(1)(i) of this revenue pro-
cedure), the Commissioner will notify the
issuer by letter describing any require-
ments that have not been satisfied and will
provide the issuer 45 calendar days from
the date of the notification to satisfy the
procedures and requirements for filing or
supporting a claim before notifying the
issuer by letter of the Claim Rejection (as
described in section 4.03(1) of this reve-
nue procedure).
(b) Resubmission permitted after
Claim Rejection. After a Claim Rejection
based on an issuer’s failure to follow pro-
cedures or requirements for filing or sup-
porting the claim, an issuer may resubmit
the claim to address the basis for the rejec-
tion, provided that the resubmitted claim
is filed by the filing deadline as described
in section 4.02 of this revenue procedure.
(2) Claim Denial. The Commissioner
will notify the issuer of a Claim Denial
by letter explaining the reasons for the
denial and informing the issuer of its right
to request an appeal (see section 4.04 of
this revenue procedure). If a Claim Denial
becomes final under section 4.06 of Rev.
Proc. 2021-10 (failure to make an appeals
request) or because Appeals sustains
the Claim Denial in full or in part, the
issuer may not submit thereafter a claim
for the arbitrage payment(s) with respect
to claim(s) on which the Claim Denial
became final and any such claim will be
rejected under section 4.03(1) of this rev-
enue procedure.
.04 Appeals. An issuer is entitled to
appeal a Claim Denial to Appeals under
the procedures set forth in Rev. Proc. 2021-
10. When an appeal of a claim described
in either § 1.148-3(i)(3)(iii)(A) or (B) is
determined in favor of the issuer, Appeals
must return the case to the office that is
responsible for examinations of tax-ad-
vantaged bonds (presently the Office of
Tax Exempt Bonds) for further consider-
ation of the substance of the claim.
SECTION 5. EFFECT ON OTHER
DOCUMENTS
This revenue procedure modifies and
supersedes Rev. Proc. 2008-37, as mod-
ified by Rev. Proc. 2017-50, and super-
sedes Rev. Proc. 2017-50 as of October
18, 2024.

Bulletin No. 2024–41 757 October 7, 2024
SECTION 6. EFFECTIVE DATE
This revenue procedure applies to
claims filed on or after October 18,
2024. An issuer that files a claim prior
to October 18, 2024, may apply this
revenue procedure in whole (and not
in part) by affirmatively stating in the
claim that it is applying Rev. Proc.
2024-37.
SECTION 7. PAPERWORK
REDUCTION ACT
The collection of information contained
in section 4 of this revenue procedure has
been previously reviewed and approved
by the Office of Management and Budget
in accordance with the Paperwork Reduc-
tion Act (44 U.S.C. § 3507) under control
number 1545-0047.
SECTION 8. DRAFTING
INFORMATION
The principal author of this revenue
procedure is Brian Choi, Office of Asso-
ciate Chief Counsel (Financial Institutions
and Products). For further information
regarding this revenue procedure, call
Mr. Choi at 202-317-3154 (not a toll-free
number).

October 7, 2024 758 Bulletin No. 2024–41
Part IV
Announcement of
Disciplinary Sanctions
From the Office of
Professional Responsibility
Announcement 2024-34
The Office of Professional Respon-
sibility (OPR) announces recent disci-
plinary sanctions involving attorneys, cer-
tified public accountants, enrolled agents,
enrolled actuaries, enrolled retirement
plan agents, appraisers, and unenrolled/
unlicensed return preparers (individuals
who are not enrolled to practice and are
not licensed as attorneys or certified pub-
lic accountants). Licensed or enrolled
practitioners are subject to the regulations
governing practice before the Internal
Revenue Service (IRS), which are set out
in Title 31, Code of Federal Regulations,
Subtitle A, Part 10, and which are released
as Treasury Department Circular No.
230. The regulations prescribe the duties
and restrictions relating to such practice
and prescribe the disciplinary sanctions
for violating the regulations. Unenrolled/
unlicensed return preparers are subject to
Revenue Procedure 81-38 and supersed-
ing guidance in Revenue Procedure 2014-
42, which govern a preparer’s eligibility
to represent taxpayers before the IRS in
examinations of tax returns the preparer
both prepared for the taxpayer and signed
as the preparer. Additionally, unenrolled/
unlicensed return preparers who volun-
tarily participate in the Annual Filing Sea-
son Program under Revenue Procedure
2014-42 agree to be subject to the duties
and restrictions in Circular 230, including
the restrictions on incompetent or disrep-
utable conduct.
The disciplinary sanctions to be
imposed for violation of the applicable
standards are:
Disbarred from practice before the
IRS—An individual who is disbarred
is not eligible to practice before the IRS
as defined at 31 C.F.R. § 10.2(a)(4) for a
minimum period of five (5) years.
Suspended from practice before the
IRS—An individual who is suspended is
not eligible to practice before the IRS as
defined at 31 C.F.R. § 10.2(a)(4) during
the term of the suspension.
Censured in practice before the
IRS—Censure is a public reprimand.
Unlike disbarment or suspension, censure
does not affect an individual’s eligibility
to practice before the IRS, but OPR may
subject the individual’s future practice
rights to conditions designed to promote
high standards of conduct.
Monetary penalty—A monetary pen-
alty may be imposed on an individual who
engages in conduct subject to sanction,
or on an employer, firm, or entity if the
individual was acting on its behalf and it
knew, or reasonably should have known,
of the individual’s conduct.
Disqualification of appraiser—An
appraiser who is disqualified is barred
from presenting evidence or testimony in
any administrative proceeding before the
Department of the Treasury or the IRS.
Ineligible for limited practice—An
unenrolled/unlicensed return preparer
who fails to comply with the requirements
in Revenue Procedure 81-38 or to comply
with Circular 230 as required by Revenue
Procedure 2014-42 may be determined
ineligible to engage in limited practice as
a representative of any taxpayer.
Under the regulations, individuals
subject to Circular 230 may not assist,
or accept assistance from, individuals
who are suspended or disbarred with
respect to matters constituting practice
(i.e., representation) before the IRS, and
they may not aid or abet suspended or
disbarred individuals to practice before
the IRS.
Disciplinary sanctions are described in
these terms:
Disbarred by decision, Suspended by
decision, Censured by decision, Mone-
tary penalty imposed by decision, and
Disqualified after hearing—An adminis-
trative law judge (ALJ) issued a decision
imposing one of these sanctions after the
ALJ either (1) granted the government’s
summary judgment motion or (2) con-
ducted an evidentiary hearing upon OPR’s
complaint alleging violation of the regula-
tions. After 30 days from the issuance of
the decision, in the absence of an appeal,
the ALJ’s decision becomes the final
agency decision.
Disbarred by default decision, Sus-
pended by default decision, Censured
by default decision, Monetary penalty
imposed by default decision, and Dis-
qualified by default decision—An ALJ,
after finding that no answer to OPR’s com-
plaint was filed, granted OPR’s motion for
a default judgment and issued a decision
imposing one of these sanctions.
Disbarment by decision on appeal,
Suspended by decision on appeal, Cen-
sured by decision on appeal, Mone-
tary penalty imposed by decision on
appeal, and Disqualified by decision
on appeal—The decision of the ALJ was
appealed to the agency appeal authority,
acting as the delegate of the Secretary
of the Treasury, and the appeal authority
issued a decision imposing one of these
sanctions.
Disbarred by consent, Suspended by
consent, Censured by consent, Mone-
tary penalty imposed by consent, and
Disqualified by consent—In lieu of a
disciplinary proceeding being instituted
or continued, an individual offered a con-
sent to one of these sanctions and OPR
accepted the offer. Typically, an offer of
consent will provide for: suspension for
an indefinite term; conditions that the
individual must observe during the sus-
pension; and the individual’s opportu-
nity, after a stated number of months, to
file with OPR a petition for reinstatement
affirming compliance with the terms of
the consent and affirming current fitness
and eligibility to practice (i.e., an active
professional license or active enrollment
status, with no intervening violations of
the regulations).
Suspended indefinitely by decision in
expedited proceeding, Suspended indef-
initely by default decision in expedited
proceeding, Suspended by consent in
expedited proceeding—OPR instituted
an expedited proceeding for suspension
(based on certain limited grounds, includ-
ing loss of a professional license for cause,
and criminal convictions).
Determined ineligible for limited
practice---There has been a final deter-
mination that an unenrolled/unlicensed

Bulletin No. 2024–41 759 October 7, 2024
return preparer is not eligible for limited
representation of any taxpayer because the
preparer violated standards of conduct or
failed to comply with any of the require-
ments to act as a representative.
A practitioner who has been disbarred
or suspended under 31 C.F.R. § 10.60, or
suspended under § 10.82, or a disquali-
fied appraiser may petition for reinstate-
ment before the IRS after the expiration
of 5 years following such disbarment,
suspension, or disqualification (or imme-
diately following the expiration of the
suspension or disqualification period if
shorter than 5 years). Reinstatement will
not be granted unless the IRS is satisfied
that the petitioner is not likely to engage
thereafter in conduct contrary to Circu-
lar 230, and that granting such reinstate-
ment would not be contrary to the public
interest.
Reinstatement decisions are published
at the individual’s request, and described
in these terms:
Reinstated to practice before the
IRS---The individual’s petition for
reinstatement has been granted. The
agent, and eligible to practice before the
IRS, or in the case of an appraiser, the
individual is no longer disqualified.
Reinstated to engage in limited prac-
tice before the IRS---The individual’s
petition for reinstatement has been granted.
The individual is an unenrolled/unlicensed
return preparer and eligible to engage in
limited practice before the IRS, subject to
requirements the IRS has prescribed for
limited practice by tax return preparers.
OPR has authority to disclose the
grounds for disciplinary sanctions in these
situations: (1) an ALJ or the Secretary’s
delegate on appeal has issued a final deci-
sion; (2) the individual has settled a dis-
ciplinary case by signing OPR’s “consent
to sanction” agreement admitting to one
or more violations of the regulations and
consenting to the disclosure of the admit-
ted violations (for example, failure to file
Federal income tax returns, lack of due
diligence, conflict of interest, etc.); (3)
OPR has issued a decision in an expedited
proceeding for indefinite suspension; or
(4) OPR has made a final determination
(including any decision on appeal) that an
unenrolled/unlicensed return preparer is
ineligible to represent any taxpayer before
the IRS.
Announcements of disciplinary sanc-
tions appear in the Internal Revenue Bul-
letin at the earliest practicable date. The
sanctions announced below are alphabet-
ized first by state and second by the last
names of the sanctioned individuals.
City & StateNameProfessional
Designation
Disciplinary SanctionEffective Date(s)
California
CarmichaelDetinne, Tiffany C.C PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 28, 2024
ChatsworthAlvarez, VicenteC PASuspended by decision in
expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
April 29, 2024
Granada HillsDemirchyan, GrigorC PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 8, 2024
San FranciscoRobinson,
Michael D.
C PASuspended by decision in
expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
April 29, 2024
Thousand OaksBeutel, Todd W.C PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 8, 2024
West HillsTurk, BernardC PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 28, 2024
Florida
Key WestMills, Paul S.C PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 8, 2024
Massachusetts
WellesleyHughes,
Paul S.
AttorneySuspended by decision in
expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
April 29, 2024

October 7, 2024 760 Bulletin No. 2024–41
City & StateNameProfessional
Designation
Disciplinary SanctionEffective Date(s)
Michigan
IoniaMcMahon, Brian P.AttorneySuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
April 3, 2024
Missouri
SullivanStrauser, Justin L.C PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 28, 2024
New Jersey
BridgewaterDamiano,
Robert S.
C PAReinstated to practice
before the IRS,
effective 04/29/2024
Jersey CityLisa, James R.AttorneySuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 8, 2024
Pennsylvania
Shawnee on DelawareCarney, Daniel J.C PASuspended by decision in
expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
April 2, 2024
Tennessee
BrownsvilleBrown, Jr.,
Richard T.
C PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 8, 2024
Texas
HoustonMaadani, PejmanAttorneySuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 8, 2024
KatyHammond III,
Charles E.
AttorneyReinstated to practice
before the IRS,
effective 04/02/2024
New BraunfelsRenken, David D.C PASuspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
April 2, 2024
Virginia
RuckersvilleJones, Carol A.C PASuspended by decision in
expedited proceeding under
31 C.F.R. § 10.82(b)
Indefinite from
May 15, 2024

Bulletin No. 2024–41 761 October 7, 2024
Notice of Proposed
Rulemaking
Section 30C Alternative
Fuel Vehicle Refueling
Property Credit
REG-118269-23
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Notice of proposed rulemak-
ing.
SUMMARY: This document contains
proposed regulations regarding the Fed-
eral income tax credit under the Inflation
Reduction Act of 2022 for certain costs
relating to qualified alternative fuel vehi-
cle refueling property that is placed in
service within a low-income community
or within a non-urban census tract. These
proposed regulations would affect eligible
taxpayers who place qualified property
into service during a taxable year.
DATES: Written or electronic comments
and requests for a public hearing must be
received by November 18, 2024.
ADDRESSES: Commenters are strongly
encouraged to submit public comments
electronically via the Federal eRulemak-
ing Portal at https://www.regulations.gov
(indicate IRS and REG-118269-23) by
following the online instructions for sub-
mitting comments. Requests for a public
hearing must be submitted as prescribed
in the “Comments and Requests for a
Public Hearing” section. Once submit-
ted to the Federal eRulemaking Portal,
comments cannot be edited or withdrawn.
The Department of the Treasury (Treasury
Department) and the IRS will publish for
public availability any comments submit-
ted to the IRS’s public docket. Send paper
submissions to: CC:PA:01:PR (REG-
118269-23), Room 5203, Internal Reve-
nue Service, P.O. Box 7604, Ben Franklin
Station, Washington, DC 20044.
FOR FURTHER INFORMATION
CONTACT: Concerning the proposed
regulations, the contact Kevin I. Babitz or
Whitney E. Brady of Office of Associate
Chief Counsel (Passthroughs & Special
Industries) at (202) 317-6853 (not a toll-
free number); concerning submissions of
comments and requests for a public hear-
ing, Publications and Regulations Section
at (202) 317-6901 (not a toll-free number)
or by email to publichearings@irs.gov
(preferred).
SUPPLEMENTARY INFORMATION:
Authority
This document contains proposed
amendments to the Income Tax Regu-
lations (26 CFR part 1) under sections
30C, 48, 48E, 6417, and 6418 of the Inter-
nal Revenue Code (Code) issued by the
Secretary of the Treasury or her delegate
(Secretary) under the authority granted
under sections 30C(e)(5), (g)(4), and (h),
45(b)(12), 48(a)(16), 48E(i), 6417(h),
6418(g) and (h), and 7805(a) of the Code
(proposed regulations).
Section 30C includes three specific
delegations of regulatory authority. First,
30C(h) provides a general grant of regula-
tory authority for section 30C as a whole,
stating, “[t]he Secretary shall prescribe
such regulations as necessary to carry out
the provisions of this section.” Second,
section 30C(g)(4) provides a specific del-
egation of authority related to the prevail-
ing wage and registered apprenticeship
(PWA) requirements: “The Secretary shall
issue such regulations or other guidance
as the Secretary determines necessary
to carry out the purposes of this subsec-
tion, including regulations or other guid-
ance that provides for requirements for
recordkeeping or information reporting
for purposes of administering the require-
ments of this subsection.” Third, section
30C(e)(5) provides a specific delegation
of authority by cross-reference to provide
recapture rules similar to those under for-
mer section 179A (described in part III.A.
of the Background section and part IV.A.
of the Explanation of Provisions section)
as authorized by former section 179A(e)
(4).
Sections 45(b)(12) and 48(a)(16) pro-
vide specific delegations of authority with
respect to the requirements of section
45(b), including the PWA requirements
of section 45(b)(7) and (8) that sections
48(a)(10) and (11) and 48E(d)(3) and (4)
refer to, each stating, “[t]he Secretary shall
issue such regulations or other guidance
as the Secretary determines necessary
to carry out the purposes of this subsec-
tion, including regulations or other guid-
ance which provides for requirements for
recordkeeping or information reporting
for purposes of administering the require-
ments of this subsection.” Section 48E(i)
provides a specific delegation of authority
with respect to the requirements of section
48E, including the PWA requirements of
section 48E(d)(3) and (4), stating, that
“[n]ot later than January 1, 2025, the
Secretary shall issue guidance regarding
implementation of this section.”
Sections 6417(h) and 6418(h) provide
specific delegations of authority with
respect to the elective payment election
rules of section 6417 and the transfer of
certain credits under section 6418, each
stating, in part, that “[t]he Secretary shall
issue such regulations or other guidance
as may be necessary to carry out the pur-
poses of this section...” Finally, section
7805(a) authorizes the Secretary to pre-
scribe all needful rules and regulations for
the enforcement of the Code.
Background
I. Overview
Section 30C of the Code allows a
credit (section 30C credit) against the tax
imposed by chapter 1 of the Code (chapter
1) with respect to each item of qualified
alternative fuel vehicle refueling property
that a taxpayer places in service. The sec-
tion 30C credit is determined and allowed
with respect to the taxable year in which
the taxpayer places the item of property in
service.
Section 30C was originally enacted
by section 1342(a) of the Energy Policy
Act of 2005, Public Law 109-58, 119 Stat.
594, 1049 (Aug. 8, 2005), to provide a
credit for the cost of qualified alternative
fuel vehicle refueling property. Section
30C has been amended several times since
its enactment, most recently by section
13404 of Public Law 117-169, 136 Stat.
1818, 1966 (August 16, 2022), commonly
known as the Inflation Reduction Act of
2022 (IRA). As amended by the IRA,

October 7, 2024 762 Bulletin No. 2024–41
section 30C allows taxpayers to claim a
credit for up to 30 percent of the cost of
qualified alternative fuel vehicle refueling
property placed in service after December
31, 2022, and on or before December 31,
2032.
The amount of the section 30C credit
is treated as a personal credit or a general
business credit depending on the character
of the property that the taxpayer places in
service. In general, the section 30C credit
is a nonrefundable personal credit allowed
under subpart B of part IV of subchapter A
of chapter 1. However, the amount of the
section 30C credit that is attributable to
property that is of a character subject to an
allowance for depreciation (depreciable
property) is treated under section 30C(d)
(1) as a current year business credit under
section 38(b) of the Code instead of being
allowed under section 30C(a).
II. Credit Amount and Limitation
For property placed in service after
December 31, 2022, and on or before
December 31, 2032, section 30C(a) pro-
vides a credit equal to 6 percent of the cost
of any qualified alternative fuel vehicle
refueling property that the taxpayer places
in service during the year, if the property is
depreciable property. However, for depre-
ciable property that is placed in service as
part of a qualified alternative fuel vehicle
refueling project that satisfies the prevail-
ing wage and apprenticeship requirements
(discussed further in part V of this Back-
ground section), the amount of the section
30C credit is multiplied by five. For prop-
erty that is not subject to depreciation,
section 30C(a) allows a 30 percent credit
for any property placed in service during
the taxable year, with no requirement to
satisfy any prevailing wage and appren-
ticeship requirements.
The section 30C credit with respect to
any single item of qualified alternative
fuel vehicle refueling property placed in
service by the taxpayer during the taxable
year is limited to $100,000 in the case of
depreciable property, and $1,000 in any
other case. Before the IRA’s amendments
to section 30C became applicable, prior
law limited the section 30C credit, on a
per location basis, to $30,000 in the case
of depreciable property and to $1,000 in
the case of any other property. Section
13404 of the IRA modified the limitation
on the section 30C credit so that it now
applies with respect to any single item of
qualified alternative fuel vehicle refuel-
ing property instead of with respect to all
qualified alternative fuel vehicle refueling
property at a location.
Under section 30C(e)(1), taxpay-
ers who claim a section 30C credit are
required to reduce the basis of any prop-
erty for which the section 30C credit is
allowable by the amount of the credit
allowed (without regard to the rules of
section 30C(d)). If a taxpayer elects not
to claim the credit, then no section 30C
credit is allowed, whether under section
30C(a) or section 38, and no basis reduc-
tion is required. See section 30C(e)(4).
No section 30C credit is allowable for
the portion of the cost of any property
taken into account under section 179. Sec-
tion 30C(e)(3).
III. Qualified Alternative Fuel Vehicle
Refueling Property
A. In General
Section 30C(c) defines “qualified
alternative fuel vehicle refueling prop-
erty” by reference to section 179A of the
Code, with some modifications. (Section
30C(e)(6) clarifies that for purposes of
section 30C, any references to “section
179A” are to section 179A as in effect
immediately before its repeal by section
221(a)(34)(A) of the Tax Increase Pre-
vention Act of 2014, enacted as Divi-
sion A of Public Law 113–295, 128 Stat.
4010, 4042 (December 19, 2014), which
is referred to as “former section 179A” in
this preamble.) Following the definition
in former section 179A, therefore, qual-
ified alternative fuel vehicle refueling
property generally includes any deprecia-
ble property (not including a building and
its structural components), the original
use of which begins with the taxpayer,
and that is (1) for the storage or dispens-
ing of a clean-burning fuel into the fuel
tank of a motor vehicle propelled by such
fuel, but only if the storage or dispens-
ing of the fuel is at the point where such
fuel is delivered into the fuel tank of the
motor vehicle, or (2) for the recharging
of motor vehicles propelled by electric-
ity, but only if the property is located at
the point where the motor vehicles are
recharged. See former section 179A(d).
Notwithstanding former section 179A’s
general requirement that the property be
depreciable, section 30C allows a tax-
payer to claim a credit for qualified alter-
native fuel vehicle refueling property
that is not depreciable property, provided
that the property is installed at the tax-
payer’s principal residence (within the
meaning of section 121 of the Code). See
section 30C(c)(1)(A) and former section
179A(d)(1).
For purposes of section 30C,
“clean-burning fuels” includes only (1)
any fuel at least 85 percent of the vol-
ume of which consists of one or more of
the following: ethanol, natural gas, com-
pressed natural gas, liquified natural gas,
liquefied petroleum gas, or hydrogen; (2)
any mixture that consists of two or more
of the following: biodiesel (as defined in
section 40A(d)(1) of the Code), diesel fuel
(as defined in section 4083(a)(3) of the
Code), or kerosene, and at least 20 percent
of the volume of which consists of bio-
diesel determined without regard to any
kerosene in such mixture; (3) electricity;
or (4) any transportation fuel (as defined
in section 45Z(d)(5) of the Code) that is
produced after December 31, 2024.
Section 30C does not provide a gen-
eral definition of “motor vehicle.” How-
ever, former section 179A(e)(2) defined
motor vehicle to mean any vehicle that is
manufactured primarily for use on public
streets, roads, and highways (not includ-
ing a vehicle operated exclusively on a
rail or by rails) and that has at least four
wheels. Further, section 30C(f) explicitly
allows the credit for depreciable property
to recharge two- and three-wheeled motor
vehicles manufactured primarily for use
on public streets, roads, or highways
that are propelled by electricity. Section
30C(f)(1)(A) requires that the depreciable
property “meets the requirements of sub-
section (a)(2),” but there is no subsection
(a)(2) in the statute.
Section 30C(c)(2) provides that quali-
fied alternative fuel vehicle refueling prop-
erty does not exclude otherwise eligible
property that both is capable of charging
the battery of a motor vehicle propelled
by electricity and also allows discharging
electricity from such battery to an electric
load external to the motor vehicle.

Bulletin No. 2024–41 763 October 7, 2024
B. Eligible Census Tracts
Section 30C, as amended by the IRA,
requires that property be placed in ser-
vice in an eligible census tract in order to
qualify for the credit. An eligible census
tract is any population census tract that
either is a low-income community under
section 45D(e) of the Code or is not an
urban area (non-urban area). See section
30C(c)(3)(B). The Census Bureau defines
a “population census tract” as a small-area
geographic division of a county or statisti-
cally equivalent entity defined for the tab-
ulation and presentation of data from the
decennial census and selected other statis-
tical programs. Population census tracts
are comprised of “census blocks,” and a
census block is the smallest geographic
area for which the Census Bureau collects
and tabulates decennial census data. The
Census Bureau assigns to each popula-
tion census tract, including census tracts
in U.S. territories, a unique 11-digit cen-
sus tract Geographic Identifier (GEOID).
Each 11-digit census tract GEOID is com-
prised of a 2-digit state GEOID, 3-digit
county GEOID, and 6-digit census tract
GEOID.
1. Low-income community census
tracts
Section 30C(c)(3)(B)(i)(I) includes as
an eligible census tract any population
census tract that is described in section
45D(e), which defines the term “low-in-
come community” for purposes of the
new markets tax credit (NMTC). As a
general rule, section 45D(e)(1) defines a
low-income community as any population
census tract for which the poverty rate is
at least 20 percent. The statute also pro-
vides more specific ways that a tract can
constitute a low-income community. Sec-
tion 45D(e)(1) provides that a tract not
located within a metropolitan area con-
stitutes a low-income community if the
median family income for such tract does
not exceed 80 percent of statewide median
family income. Similarly, a tract located
within a metropolitan area is a low-income
community if the median family income
for such tract does not exceed 80 percent
of the greater of the statewide median
family income or the metropolitan area’s
median family income. Section 45D(e)(2)
provides that certain targeted populations
(within the meaning of section 103(20)
of the Riegle Community Development
and Regulatory Improvement Act of 1994
(12 U.S.C. 4702(20)) may be treated
as low-income communities. Section
45D(e)(3) describes the appropriate areas
not within population census tracts that
are used to determine poverty rates and
median family income. Section 45D(e)(4)
describes certain population census tracts
with a population of less than 2,000 that
are treated as a low-income community
for purposes of the NMTC. Finally, sec-
tion 45D(e)(5) describes population cen-
sus tracts located within a high migration
rural county.
Following the guidelines in section
45D(e), the Community Development
Financial Institutions Fund (CDFI Fund)
designates population census tracts as
low-income communities for purposes of
the NMTC. The CDFI Fund determines
these population census tracts based in
part on American Community Survey
(ACS) 5-year estimates, which are pub-
lished by the Census Bureau. The CDFI
Fund updates its NMTC determination of
“low-income community” census tracts
approximately every five years based on
the updated ACS 5-year estimates. The last
update occurred on September 1, 2023,
when the NMTC low-income community
census tracts were updated to be based
on the 2016-2020 ACS 5-year estimates
(2016-2020 NMTC tracts), which use the
2020 delineation of census tract boundar-
ies (2020 census tract boundaries). Prior
to September 1, 2023, the NMTC low-in-
come community census tracts were based
on 2011-2015 ACS 5-year estimates
(2011-2015 NMTC tracts), which use the
2015 delineation of census tract bound-
aries (2015 census tract boundaries). The
next update is expected to occur in 2028.
When there is an update, the CDFI
Fund provides a one-year transition period
during which taxpayers may look to either
of the 5-year census tracts. Therefore,
between September 1, 2023, and August
31, 2024, taxpayers can look to either
the 2011-2015 NMTC or the 2016-2020
NMTC tracts to determine which popu-
lation census tracts are low-income com-
munities for the NMTC (and, by extension
for section 30C purposes). On or after
September 1, 2024, taxpayers must look
to the 2016-2020 NMTC tracts to deter-
mine which population census tracts are
low-income communities for the NMTC.
2. Non-urban area
Pursuant to section 30C(c)(3)(B)(i)(II),
an eligible census tract includes a non-ur-
ban area. Section 30C(c)(3)(B)(ii), defines
“urban area” as a population census tract
that has been designated as an urban area
by the Secretary of Commerce in the most
recent decennial census. However, as of
the 2020 Census (that is, the most recent
decennial census as of the publication of
this document), the Census Bureau defines
urban areas on the basis of census blocks
and not on the basis of population census
tracts. The Census Bureau determines
urban areas based on how densely devel-
oped a territory is, and to what extent the
territory encompasses residential, com-
mercial, and other non-residential urban
land uses. The Census Bureau delineates
urban areas after each decennial census.
3. Census tracts in U.S. territories.
Section 30C(e)(3) provides generally
that property used outside the United
States does not qualify for the section
30C credit by excluding property referred
to in section 50(b)(1) of the Code, which
provides generally that property used pre-
dominantly outside the United States does
not qualify for a credit to which section
50 applies. However, section 50(b)(1)(B)
provides an exception for certain cate-
gories of property described in section
168(g)(4) of the Code. Section 168(g)(4)
describes, among other things, property
owned by a domestic corporation or by
a United States citizen (other than a citi-
zen entitled to the benefits of section 931
or section 933) and that is used predom-
inantly in a territory (also referred to as a
possession) of the United States by such a
corporation or such a citizen, or by a cor-
poration created or organized in, or under
the law of, a territory of the United States.
Accordingly, because section 30C(e)
(3), by reason of sections 50(b)(1)(B)
and 168(g)(4), would allow for qualified
alternative fuel vehicle refueling property
to be used by certain taxpayers predomi-
nantly in a territory of the United States,
eligible census tracts include low-income

October 7, 2024 764 Bulletin No. 2024–41
community census tracts and non-urban
census tracts located in a territory of the
United States.
IV. Property Used by A Tax-Exempt or
Government Entity
Section 30C(e)(2) provides that in the
case of any qualified alternative fuel vehi-
cle refueling property the use of which is
described in section 50(b)(3) (generally,
use by tax-exempt organizations) or (b)
(4) (generally, use by the United States or
a government entity or foreign persons or
entities) and that is not subject to a lease,
the person who sold such property to the
person or entity using such property is
treated as the taxpayer that placed such
property in service, but only if the seller
clearly discloses to the tax-exempt or gov-
ernment entity in a document the amount of
any credit allowable under section 30C(a)
with respect to such property (determined
without regard to section 30C(d) (treating
the credit as a credit listed in section 38(b)
or as a personal credit)). For purposes of
section 30C(d), property to which section
30C(e)(2) applies is treated as of a charac-
ter subject to an allowance for depreciation.
V. Prevailing Wage and Registered
Apprenticeship Requirements
The IRA amended several sections of
the Code, including section 30C, to pro-
vide increased credit amounts for tax-
payers who satisfy certain requirements,
including an increased credit amount for
satisfying prevailing wage and registered
apprenticeship (PWA) requirements. This
same increased credit amount is available
under certain sections of the Code, includ-
ing section 30C, if beginning of construc-
tion occurs before January 29, 2023 (BOC
Exception).
1
For properties placed in service after
December 31, 2022, the section 30C
credit is equal to 6 percent for deprecia-
ble property. If a taxpayer satisfies the
PWA requirements in section 30C(g)
(2) and (3) or meets the BOC Exception
with respect to a qualified alternative fuel
vehicle refueling project, then the credit
determined under section 30C(a) for any
qualified alternative fuel vehicle refueling
property that is depreciable property and
that is part of such project is multiplied
by five. For purposes of the PWA require-
ments, section 30C(g)(1)(B) defines a
“qualified alternative fuel vehicle refuel-
ing project” as a project consisting of one
or more properties that are part of a sin-
gle project. Section 30C(g)(2)(A) requires
the taxpayer to ensure that any laborers
and mechanics employed by the taxpayer
or any contractor or subcontractor in the
construction of any qualified alternative
fuel vehicle refueling property that is part
of a qualified alternative fuel vehicle refu-
eling project are paid wages at rates not
less than prevailing rates. Under section
30C(g)(3), rules similar to the rules in sec-
tion 45(b)(8) apply regarding the appren-
ticeship requirements.
On June 25, 2024, the Treasury Depart-
ment and the IRS published final regu-
lations in the Federal Register (89 FR
53184) that govern the increased credit or
deduction amount available for taxpayers
satisfying the PWA requirements that the
IRA established with respect to several
credits, including the section 30C credit
(final PWA regulations). Specifically for
the section 30C credit, the final PWA regu-
lations provided clarifications to the appli-
cable scope of the PWA requirements.
VI. Coordination with Sections 6417
and 6418
Section 6417 allows an applicable entity
(as defined in section 6417(d)(1)(A), gener-
ally including tax-exempt and government
entities, Indian Tribal governments, and
Alaska Native Corporations, among others)
to make an election to be treated as mak-
ing a payment against the tax imposed by
subtitle A of the Code for the taxable year
with respect to which an applicable credit
(as defined in section 6417(b)) was deter-
mined equal to the amount of the appli-
cable credit. Section 6417(b)(1) includes
the amount of a section 30C credit, to the
extent treated under section 30C(d)(1) as a
general business credit under section 38, as
an applicable credit.
Section 6418 permits an eligible tax-
payer (defined in section 6418(f)(2) as a
taxpayer not described in section 6417(d)
(1)(A)) to make an election to transfer all
or a portion of an eligible credit (defined
in section 6418(f)(1)), determined with
respect to such taxpayer for any taxable
year to an unrelated taxpayer (within
the meaning of section 267(b) or 707(b)
(1)). Section 6418(f)(1)(A)(i) includes
the amount of a section 30C credit, to the
extent treated under section 30C(d)(1) as
a general business credit under section 38,
as an eligible credit.
VII. Prior Guidance, Request for
Comments, and Other Documents
Relating to the Alternative Fuel Vehicle
Refueling Property Credit
A. Notice 2007-43
On May 29, 2007, the Treasury Depart-
ment and the IRS published Notice 2007-
43, 2007-22 I.R.B. 1318, which provided
interim guidance on the then-recently
enacted section 30C. This notice provided
specific guidance relating to the compu-
tation of the section 30C credit and the
treatment for purposes of the credit of
converted and dual-use refueling property.
B. Notice 2022-56
On November 21, 2022, the Treasury
Department and the IRS published Notice
2022-56, 2022-47 I.R.B. 480. This notice
requested general comments on issues
arising under section 30C, as amended by
the IRA, as well as specific comments con-
cerning: (1) depreciable property; (2) the
definition of a “single item”; (3) bidirec-
tional charging equipment; (4) eligible
census tracts; (5) recapture; and (6) mis-
cellaneous topics. The Treasury Depart-
ment and the IRS received 135 comments
from industry participants, environmental
groups, individual consumers, and other
stakeholders. The Treasury Department
and the IRS appreciate the commenters’
<?>
On November 30, 2022, the Treasury Department and the IRS published Notice 2022-61 in the Federal Register (87 FR 73580, corrected in 87 FR 75141 (Dec. 7, 2022)), providing
guidance with respect to the PWA requirements in section 45(b)(7) and (8), including initial guidance for determining the beginning of construction under section 45 and other credits and
the beginning of installation under section 179D. The final PWA regulations published in the Federal Register (89 FR 53184) (part III of the Background section) provide further detail on
the BOC Exception.

Bulletin No. 2024–41 765 October 7, 2024
interest and engagement on these issues.
These comments have been considered
carefully in the preparation of these pro-
posed regulations.
C. Notice 2024-20
On February 12, 2024, the Treasury
Department and the IRS published Notice
2024-20, 2024-7 I.R.B. 668, to provide
guidance on eligible census tracts for
the section 30C credit and to announce
the intent to propose regulations for the
credit. This notice describes relevant cen-
sus concepts, provides background and
definitions for low-income communities
and non-urban census tracts, and explains
the census tract boundaries that apply for
the relevant census tract determinations.
The notice also provides taxpayers with a
list of eligible census tracts in advance of
the 2023 filing season and explains how
taxpayers can identify the 11-digit census
tract identifier for a location where a prop-
erty is placed in service.
Explanation of Provisions
I. 30C Property, Recharging Property,
Refueling Property
Proposed §1.30C-1(a) would provide
a general overview of the proposed sec-
tion 30C regulations. Proposed §1.30C-
1(b) would provide definitions that would
apply for purposes of section 30C and the
30C regulations.
The proposed regulations use the term
“30C property” to describe property that is
eligible for the section 30C credit. As pro-
posed, the term 30C property would gen-
erally be synonymous with the statutory
phrase “qualified alternative fuel vehicle
refueling property.” Proposed §1.30C-1(b)
(1) would define 30C property to include
any property (other than real property and
a building and its structural components)
that is comprised of components that are
functionally interdependent for “refueling
property” or “recharging property” and, if
applicable, an integral part of the refueling
property or recharging property. For pur-
poses of the proposed regulations, refuel-
ing property would mean property for the
storage and dispensing of a qualified alter-
native fuel into the fuel tank of a motor
vehicle propelled by such fuel, but only
if the storage or dispensing of the fuel is
at the point where such fuel is delivered
into the fuel tank of the motor vehicle.
Proposed §1.30C-1(b)(1)(i)(A); see also
proposed §1.30C-1(b)(16)(i). Similarly,
“recharging property” would mean prop-
erty for the recharging of a motor vehi-
cle propelled by electricity, but only if
the property is located at the point where
the motor vehicle is recharged. Proposed
§1.30C-1(b)(1)(i)(B); see also proposed
§1.30C-1(b)(16)(ii).
Proposed §1.30C-1(b)(14) would pro-
vide that components are “functionally
interdependent” if the placing in service
of each component is dependent upon
the placing in service of each of the other
components in order to refuel or recharge
a motor vehicle. Proposed §1.30C-1(b)
(15) would further provide that prop-
erty is an “integral part” of a refueling or
recharging property if it is used directly
in the intended function of the refuel-
ing property or recharging property and
is essential to the completeness of this
intended function, meets all of the require-
ments for 30C property described in pro-
posed §1.30C-1(b)(1)(iii), is owned by the
taxpayer that owns the refueling property
or recharging property, and is specifically
designed to be integrated with the refuel-
ing property or recharging property with
which it is associated.
Proposed §1.30C-1(b)(1)(iii) would
provide a list of additional requirements
that any eligible property must meet to
be 30C property. First, the property must
either be of a character subject to an
allowance for depreciation or installed on
property that is used as the principal resi-
dence of the taxpayer (within the meaning
of section 121). Second, the property’s
original use must begin with the taxpayer.
Proposed §1.30C-1(b)(18) would provide
that “original use” has the same meaning
as in §1.48-2(b)(7). Finally, the property
must be placed in service in an eligible
census tract (see discussion of eligible
census tracts in part II.E of this Explana-
tion of Provisions section).
II. General Rules
A. Amount of Credit
Proposed §1.30C-2(a)(1) would pro-
vide that section 30C(a) allows a taxpayer
to claim as a credit against the tax imposed
by chapter 1 an amount equal to a percent-
age of the cost of any 30C property placed
in service by the taxpayer during the tax-
able year, subject to certain dollar-amount
limitations described in section 30C(b)
and proposed §1.30C-2(a)(4).
Consistent with section 30C(a), pro-
posed §1.30C-2(a)(2)(i) would provide
that in the case of depreciable property,
section 30C(a) allows as a credit against
tax an amount equal to 6 percent of the
cost of any 30C property placed in ser-
vice by the taxpayer during the taxable
year. Under proposed §1.30C-2(a)(2)(ii),
the section 30C credit for the cost of any
30C property placed in service as part
of a project that meets the PWA require-
ments is multiplied by 5. Property placed
in service by certain tax-exempt organi-
zations and governmental units described
in section 50(b)(3) and (4) of the Code
is treated as property of a character sub-
ject to an allowance for depreciation for
purposes of calculating the section 30C
credit. See sections 30C(e)(2) and 6417(d)
(2) and §1.6417-2(c). Proposed §1.30C-
2(a)(2)(iii) would provide that in the case
of property of a character not subject to
an allowance for depreciation, section
30C(a) allows as a credit against tax an
amount equal 30 percent of the cost of
any 30C property placed in service by the
taxpayer during the taxable year provided
that such property is installed on property
that is used as the taxpayer’s principal
residence (within the meaning of section
121). Consistent with section 30C(b),
proposed §1.30C-2(a)(4) would limit the
section 30C credit with respect to any sin-
gle item of 30C property placed in service
by the taxpayer during the taxable year
to $100,000 for depreciable property and
$1,000 for non-depreciable property.
If the business use of the property is
50 percent or less, proposed §1.30C-2(a)
(3) would provide rules for apportioning
the section 30C credit between business
use and personal use. If the business use
is more than 50 percent, then the section
30C credit would be treated under the
proposed regulations only as a general
business credit under section 30C(d)(1)
(and subject to the $100,000 limitation).
If the business use of the 30C property
is 50 percent or less, then the property
would be considered “apportioned-use

October 7, 2024 766 Bulletin No. 2024–41
property” under the proposed regulations
and the taxpayer’s section 30C credit
for that taxable year for that 30C prop-
erty would be apportioned in accordance
with the taxpayer’s use of the property
between the general business credit under
section 30C(d)(1) and the personal credit
allowed under section 30C(a) pursuant
to section 30C(d)(2). To be within these
apportionment rules, the proposed regula-
tions would provide that the 30C property
must be installed at the taxpayer’s per-
sonal residence to qualify for the personal
credit, but also be used for business use.
For example, these proposed rules would
apply to a taxpayer who operates a deliv-
ery service and installs an electric vehicle
charger at her personal residence, which
she uses to charge both her personal vehi-
cle and her delivery vehicle.
If 30C property is apportioned-use
property, proposed §1.30C-2(a)(4)(ii)
would provide that the dollar-amount lim-
itation must be apportioned in the same
manner as the taxpayer’s credit under
section 30C. For example, in the case of
30C property the business use of which is
40 percent of a taxpayer’s total use of the
property for the taxable year in which the
property is placed in service, the portion
treated as a general business credit under
section 30C(d)(1) cannot exceed $40,000
($100,000 multiplied by 40 percent),
and the portion treated as a section 30C
credit allowed under section 30C(a) can-
not exceed $600 ($1,000 multiplied by 60
percent).
B. Single Item of Property and
Calculating the Section 30C Credit
As discussed in part II of the Back-
ground section of this preamble, one
major change that the IRA made to section
30C was to allow the credit per single item
of property, rather than per location. Thus,
proposed §1.30C-2(b)(1) would provide
that taxpayers may claim a section 30C
credit if they place in service at least one
single item of 30C property during the
taxable year.
Section 30C does not define “single
item of property.” In Notice 2022-56, the
Treasury Department and the IRS asked
for comments on how to define a “sin-
gle item of property.” Many commenters
suggested that, for purposes of electric
vehicle chargers, a “single item” should
be defined as each charging port and that
the item also should include functionally
interdependent property as well as other
property that commenters deemed nec-
essary for the installation and use of the
charger. The proposed regulations largely
adopt these comments.
1. Definition of single item of 30C
property
For purposes of calculating the sec-
tion 30C credit, proposed §1.30C-2(b)(1)
would define a single item of 30C prop-
erty as each charging port for recharging
property, each fuel dispenser for refueling
property, or each qualified alternative fuel
storage property or electrical energy stor-
age property.
For purposes of the proposed regu-
lations, a charging port would mean the
system within a charger that charges one
motor vehicle. Under proposed §1.30C-
1(b)(6), a charging port may have multiple
connectors, but it can provide power at its
rated electrical output to charge only one
motor vehicle through one connector at a
time. Some chargers may have more than
one port, in which case proposed §1.30C-
2(b)(2)(ii) would provide that the cost of
the charger would need to be allocated
among the number of ports for purposes
of determining the credit. The Treasury
Department and the IRS agree with the
commenters that allowing the credit based
on the number of motor vehicles that could
be charged simultaneously at the port’s
rated electrical output is appropriate based
on the IRA amendments to section 30C to
provide a credit limit per single item of
property, rather than a broader term such
as per charging property or per location,
and consistent with one purpose of the
IRA to expand incentives for taxpayers to
transition to clean vehicles.
The proposed regulations would define
a fuel dispenser as the unit through which
fuel is dispensed into the fuel tank of a
motor vehicle if such unit is capable of
fueling at or above the dispenser’s mini-
mum rate of fueling and has at least one
hose and nozzle. Proposed §1.30C-1(b)
(12) would provide that a dispenser may
optionally include a meter, valve, con-
troller, and enclosure. These proposed
regulations would use these definitions
of “fuel dispenser” for refueling property
and “charging port” for recharging prop-
erty with the goal to similarly situate the
accounting of credits among the eligible
alternative fuels with consideration of
their refueling technologies and station
designs.
Proposed §1.30C-1(b)(25) would
define two types of storage property: qual-
ified alternative fuel storage property and
electrical energy storage property. Under
proposed §1.30C-1(b)(25)(ii), “qualified
alternative fuel storage property” would
mean property used for the storage of such
qualified alternative fuel. Under proposed
§1.30C-1(b)(20), qualified alternative fuel
would generally refer to all clean-burning
fuels (as defined in proposed §1.30C-1(b)
(7)) except electricity. Proposed §1.30C-
1(b)(25)(iii) would define “electrical
energy storage property” to mean prop-
erty that receives, stores, and delivers
energy for conversion to electricity. Under
proposed §1.30C-1(b)(25), both types of
storage property would be required to be
located at the point where the motor vehi-
cle is refueled or recharged. Proposed
§1.30C-1(b)(16) would provide that this
requirement is generally satisfied if the
storage property is located at the same or
an immediately adjacent physical address
as the location where the fuel is delivered
into the fuel tank of the motor vehicle or
where the motor vehicle is recharged.
Former section 179A(d)(3)(A), adopted
by reference into section 30C(c), uses the
language “for the storage or dispensing of
a clean-burning fuel into the fuel tank of
a motor vehicle propelled by such fuel”
in its definition of qualified clean-fuel
vehicle refueling property, indicating
that clean-burning fuel storage property
is a separate item of qualified clean-fuel
vehicle refueling property. Former section
179A(d)(3)(B) uses the language “for the
recharging of motor vehicles propelled
by electricity” as a separate prong of this
same definition, indicating that electrical
energy storage property is not a separate
item of qualified clean-fuel vehicle refu-
eling property. However, former section
179A(e)(1) includes electricity within the
definition of clean-burning fuels, such that
electric vehicle refueling property could be
eligible property under either former sec-
tion 179A(d)(3)(A) (where storage is spe-
cifically mentioned) or (B) (where storage

Bulletin No. 2024–41 767 October 7, 2024
is not specifically mentioned). These pro-
posed regulations would provide that the
cost of electrical energy storage property
that is used for charging motor vehicles
is creditable as a separate item of prop-
erty under section 30C. Electrical energy
storage can be used for electric vehicle
charging to smooth costs and to minimize
the impact on the electrical grid by taking
the energy from the grid during non-peak
hours when energy is cheaper and storing
the energy for use during higher cost peak
hours. Thus, electrical energy storage
can be a critical part of electric vehicle
recharging infrastructure. Further, treating
all types of storage as a separate item of
property is consistent with the language
of former section 179A(d). Finally, allow-
ing electrical energy storage property as
a separate item of property treats storage
property consistently across various types
of clean-burning fuel.
These proposed regulations would also
modify proposed §§1.48-9 and 1.48E-2
to provide that energy storage technology
does not include energy storage property
for which the taxpayer claims a credit
under section 30C. Energy storage tech-
nology may be eligible for an investment
credit under sections 48 and 48E, subject
to certain limitations. However, sections
48 and 48E exclude from the definition of
energy storage technology property pri-
marily used in the transportation of goods
or individuals and not for the production
of electricity. See sections 48(c)(6)(A) and
48E(c)(2). The section 48 proposed regu-
lations did not propose a rule interpreting
this exclusion but requested comments
on its scope.
2
Commenters to the section
48 proposed regulations requested that
batteries and other energy storage tech-
nology that may be used to charge or
recharge electric vehicles be eligible for
the section 48 credit because it may be
more valuable than the section 30C credit
in certain cases; however, commenters
did not request that the same property
be eligible for both sections 48 and 30C.
The Treasury Department and the IRS
agree that Congress did not intend to
allow multiple credits for investments in
the same energy storage property associ-
ated with vehicle recharging or refueling,
as evidenced by the sections 48 and 48E
exclusion for property primarily used in
the transportation of goods or individuals
and not for the production of electricity.
Property for which a section 30C credit
is claimed is property primarily used in
the transportation of goods or individuals
and not for the production of electricity,
because the section 30C credit is limited
to property “for the storage or dispensing
of a clean-burning fuel into the fuel tank
of a motor vehicle propelled by such fuel”
or “for the recharging of motor vehicles
propelled by electricity.” See sections
30C(c)(1) and 179A(d)(3). Accordingly,
the proposed regulations would clarify
that energy storage property for which a
section 30C credit is claimed is property
primarily used in the transportation of
goods or individuals and not for the pro-
duction of electricity, and, therefore, is not
energy storage technology for purposes
of sections 48 and 48E. However, energy
storage property for which a section 30C
credit is not claimed, could be credit-eligi-
ble energy storage technology under sec-
tions 48 and 48E if it meets the require-
ments under those provisions.
2. Associated property and calculating the
credit
Under proposed §1.30C-2(b)(1), the
amount of the section 30C credit would
include the cost of functionally interde-
pendent property and, if applicable, any
property that is an integral part of refu-
eling or recharging property that is part
of the 30C property placed in service by
the taxpayer during the year (associated
property). These costs would be included
in the section 30C credit for a single item
to the extent that they are directly attribut-
able and traceable to that particular single
item of 30C property. The cost of associ-
ated property that is directly attributable
and traceable to more than one item of
30C property would be allocated among
the relevant items based on the cost of
each single item of 30C property. In no
case would the total cost of the associated
property divided among different items of
30C property exceed 100 percent of the
cost of the associated property.
Proposed §1.30C-2(b)(3) would pro-
vide that the section 30C credit is the
lesser of the “tentative section 30C
credit,” or the $100,000 or $1,000 limit
(as appropriate). The tentative section
30C credit for each single item of 30C
property would be the sum of the cost of
the single item of 30C property, the cost
of any associated property directly attrib-
utable and traceable to the single item of
30C property, and the cost of a ratable
share of allocated associated property,
multiplied by the applicable credit rate (6
percent or 30 percent).
C. Bidirectional Charging Equipment
Notice 2022-56 requested comments
on the factors and definitions that should
be considered in developing guidance for
bidirectional charging equipment (that
is, property that is capable of charging
the battery of an electric vehicle and also
allows the discharging of electricity from
such battery to an electric load external to
such motor vehicle). See section 30C(c)
(2). Many of the comments suggested
that the regulations provide that all costs,
including any costs for bidirectional
equipment contained within the motor
vehicle (onboard equipment) be credit-
able.
The IRA amendments clarify that a
charger that otherwise meets the require-
ments of 30C property is not excluded
simply because the charger also allows
discharging of electricity from the motor
vehicle’s battery, but the IRA amendments
do not expand the section 30C credit in
the manner suggested by commenters. In
particular, section 30C(c)(2) uses the lan-
guage “shall not fail to be treated,” sug-
gesting a clarification rather than a signif-
icant expansion of the credit. In addition,
the Code contains separate tax credits for
electric vehicles, including credits tar-
geted to the electric vehicle battery. See
sections 25E, 30D, and 45W. Thus, pro-
posed §1.30C-1(b)(16)(ii) would exclude
from the definition of recharging prop-
erty components that are located within
a motor vehicle and are necessary for
the propulsion of that vehicle, including
onboard equipment.
2
On November 22, 2023, the Treasury Department and the IRS published in the Federal Register (88 FR 82188) the proposed rule “Definition of Energy Property and Rules Applicable to
the Energy Credit” under section 48 (section 48 proposed regulations).

October 7, 2024 768 Bulletin No. 2024–41
D. Property for the Refueling of Certain
Two- and Three-Wheeled Vehicles
Section 30C(f) provides additional spe-
cial rules for electric charging stations for
certain vehicles with two or three wheels.
Section 30C(f)(1) provides that the term
“qualified alternative fuel vehicle refuel-
ing property” includes property described
in section 30C(c) for the recharging of a
motor vehicle described in section 30C(f)
(2), but only if such property meets the
requirements of section 30C(a)(2) and
is of a character subject to depreciation.
However, section 30C(a)(2) does not exist.
The Treasury Department and the IRS
view this as a clerical error and, as a result,
will apply section 30C(f)(1) without giv-
ing effect to section 30C(f)(1)(A). Thus,
proposed §1.30C-2(b)(5) would provide
that 30C property also includes deprecia-
ble property that is for the recharging of
a two- or three-wheeled electric vehicle
because there are no requirements of sec-
tion 30C(a)(2) under current law.
E. Eligible Census Tracts
Consistent with section 30C(c)(3)(B),
proposed §1.30C-2(c)(1) would provide
that 30C property must be placed in ser-
vice in an eligible census tract to qualify
for the section 30C credit. Eligible census
tracts include any population census tract
that qualifies as a low-income community
census tract or that is a non-urban census
tract.
1. Low-Income Census Tracts
Proposed §1.30C-2(c)(2)(i) would
provide that a population census tract
is an eligible “low-income community
census tract” for purposes of the section
30C credit if the population census tract
meets the requirements of the NMTC
under section 45D(e)(1), which requires
that the poverty rate for such tract is at
least 20 percent, or in the case of a tract
not located within a metropolitan area,
the median family income for such tract
does not exceed 80 percent of statewide
median family income, or in the case of
a tract located within a metropolitan area,
the median family income for such tract
does not exceed 80 percent of the greater
of statewide median family income or the
metropolitan area median family income.
Proposed §1.30C-2(c)(2)(ii) would pro-
vide that census tracts located within a
high migration rural county, as defined
under section 45D(e)(5), are low-income
community census tracts if the median
family income for the tract does not
exceed 85 percent of statewide median
family income.
Based on the ACS 5-year low-in-
come community data, census tracts as
described under section 45D(e)(1) can
be identified and they are published by
the CDFI Fund. Additionally, the CDFI
Fund has published, beginning with the
2016-2020 NMTC tracts, the census tracts
that qualify as low-income census tracts
because the census tracts are located in
high migration rural counties as described
under section 45D(e)(5). However, after
consultation with the CDFI Fund, the
Treasury Department and the IRS cannot
identify with verifiable accuracy the popu-
lation census tracts that currently meet the
requirements of section 45D(e)(2) and (4).
Accordingly, the Treasury Department and
the IRS request comments on whether and
how the population census tracts named
under section 45D(e)(2) and (4) could be
identified accurately to qualify as eligible
census tracts for the credit under 30C. The
areas described in section 45D(e)(3) are
not population census tracts as required
by section 30C(c)(3)(B)(i), and therefore
do not qualify as eligible census tracts for
purposes of the section 30C credit.
2. Non-Urban Area
Proposed §1.30C-2(c)(3) would pro-
vide that “non-urban census tract” means
any population census tract in which at
least 10 percent of the census blocks are
not designated as urban areas. As the Sec-
retary of Commerce and Census Bureau
no longer identify census tracts as urban
or non-urban, the Treasury Department,
in consultation with the Census Bureau,
determined a percentage of census blocks
within a census tract to determine if a cen-
sus tract is not an urban area under section
30C(c)(3)(B)(ii). The Treasury Depart-
ment and IRS received comments on this
issue in response to Notice 2022-56. The
threshold of 10 percent of census blocks
being not an urban area to determine if
a census tract is a non-urban area census
tract is within the range of percentages
suggested by commenters.
3. Determination of Eligible Census
Tracts
Proposed §1.30C-2(c)(4) would pro-
vide that the IRS will periodically pub-
lish lists of specific census tracts that are
low-income census tracts or non-urban
census tracts along with instructions on
how taxpayers may determine their cen-
sus tract identifying numbers. Census
tract data and boundaries are expected to
be updated prior to January 1, 2033, when
the section 30C credit is planned to expire.
When census tract data changes, the IRS
will publish updated lists of the eligible
census tracts that qualify as low-income
communities or non-urban areas, and the
11-digit census tract GEOIDs associated
with each census tract based on the appli-
cable census data.
4. Request for Comments
There is a variety of equipment avail-
able to recharge electric vehicles. Some
are installed at a fixed location (that is,
stationary) and may be mounted upon
concrete pads or installed as fixtures on
the walls of buildings. Some recharg-
ing equipment are mobile; however,
the degree to which such equipment are
mobile varies greatly depending on their
use and purpose. Mobile chargers may
be transported to allow for the dispensing
of electricity closer to where a vehicle is
parked, in contrast to having to drive a
vehicle to stationary equipment. Mobile
chargers may be physically connected to a
source of electricity at a physical address
or, conversely, receive electricity from a
battery that is temporarily separated from
a physical address.
The requirement under section 30C(c)
(3) that property must be placed in service
in an eligible census tract to qualify for
the section 30C credit suggests that the
property must also be used in the eligi-
ble census tract. However, depending on
its design and purpose, mobile equipment
may not always be used in the eligible cen-
sus tract in which it was placed in service.
The Treasury Department and the IRS
request comments on how mobile equip-
ment could satisfy the geographic require-

Bulletin No. 2024–41 769 October 7, 2024
ment that 30C property must be placed
in service in an eligible census tract, and
request comments on any related rules
that should be adopted, particularly with
respect to any administrative requirements
to ensure only qualifying mobile equip-
ment is credited.
III. Prevailing Wage and Registered
Apprenticeship Requirements
The proposed regulations would sup-
plement the final PWA regulations in
§1.30C-3 to further define “qualified
alternative fuel vehicle refueling project”
(30C project) for purposes of satisfying
the PWA requirements. Proposed §1.30C-
3(b)(2) would provide that multiple 30C
properties will be treated as a single 30C
project if the items of property are con-
structed and operated on a contiguous
piece of land, owned by a single taxpayer
(subject to the related party rule), placed
in service in a single taxable year, and one
or more of the following factors is pres-
ent: (1) the properties are described in one
or more common environmental or other
regulatory permits; (2) the properties are
constructed pursuant to a single master
construction contract; or (3) the construc-
tion of the properties is financed pursuant
to the same loan agreement. Under the
related party rule in proposed §1.30C-3(b)
(3), related taxpayers are treated as one
taxpayer in determining whether multi-
ple items of 30C property are treated as a
single project. For these purposes, related
taxpayers are treated as a single taxpayer
if they are members of a group of trades
or businesses that are under common con-
trol (as defined in §1.52-1(b)). Proposed
§1.30C-3(b)(3).
The proposed regulations would limit a
30C project to encompass only the items
of property that are placed in service
within the same year because 30C is an
annual credit. This approach is consistent
with the fact that the section 30C credit is
available only in the year the property is
placed in service, even if costs related to
the property are incurred in earlier years.
Additionally, the proposed regulations
would clarify that if a seller of 30C prop-
erty, the use of which is described in sec-
tion 50(b)(3) or (4) (generally tax-exempt
entities, government entities, and foreign
persons and entities), is treated as the
taxpayer that placed such property in ser-
vice under section 30C(e)(2), the seller is
the taxpayer required to comply with the
PWA recordkeeping requirements. Pro-
posed §1.30C-3(c). See part IV.B of this
Explanation of Provisions for additional
discussion of cases in which a seller may
be treated as the taxpayer that placed 30C
property in service under section 30C(e)
(2). This clarification is consistent with
§1.45-12, which provides that a taxpayer
claiming or transferring (under section
6418) an increased credit must maintain
and preserve records sufficient to estab-
lish compliance with the statutory require-
ments. Further, unlike a transferee under
section 6418, a person who sells 30C
property, the use of which is described in
section 50(b)(3) or (4), would generally
have access to, and control over, the rel-
evant records.
The proposed regulations would also
conform the terminology used in the final
PWA regulations in §1.30C-3(a) and (b)
to the terminology used in these proposed
regulations. The proposed regulations do
not modify any of the rules in the final
PWA regulations other than proposed
§1.30C-3, and the Treasury Department
and the IRS are not reopening the com-
ment period on the final PWA regulations
generally.
IV. Special Rules
A. Recapture
Section 30C(e)(5) provides that recap-
ture rules similar to the rules of former
section 179A(e)(4) apply; however, for-
mer section 179A(e)(4) merely granted
authority to provide recapture rules, stat-
ing, “The Secretary shall, by regulations,
provide for recapturing the benefit of any
deduction allowable under subsection
(a) with respect to any property which
ceases to be property eligible for such
deduction.” Accordingly, as noted previ-
ously in the Authority section, the Trea-
sury Department and the IRS understand
section 30C(e)(5) to be a delegation of
authority to the Secretary, by cross-ref-
erence to former section 179A(e)(4), to
provide recapture rules under section 30C.
The Secretary exercised the authority
under former section 179A(e)(4) in issuing
former §1.179A-1 (removed by TD 9849
on March 11, 2019). Proposed §1.30C-
4(b) uses the rules of former §1.179A-1 as
a starting point (in particular, what consti-
tutes a recapture event), with appropriate
modifications (for example, to account
for apportioned use property and property
used by tax-exempt or government enti-
ties, neither of which were at issue in for-
mer section 179A or the regulations there-
under). In general, proposed §1.30C-4(b)
would require taxpayers to recapture the
benefit of any section 30C credit allowed
with respect to any property that ceases
to be property eligible for such credit. If
a recapture event occurs with respect to a
taxpayer’s 30C property, then the taxpayer
must include the recapture amount in tax-
able income for the taxable year in which
the recapture event occurs. Proposed
§1.30C-4(b)(1).
Proposed §1.30C-4(b)(2) would pro-
vide that a recapture event generally occurs
if, within three years of the property being
placed in service: (1) the taxpayer claim-
ing the section 30C credit modifies the
property such that the property no longer
qualifies as 30C property; (2) unless the
property is subject to section 6417(d)(2)
(B), a depreciable property ceases to be
used predominantly in a trade or business
(meaning that 50 percent or more of the
use of the property in a taxable year is for
use other than in a trade or business); (3)
if the property is apportioned-use prop-
erty, the property completely ceases to be
used in a trade or business, but continues
to be used for personal use; or (4) the tax-
payer sells or disposes of the 30C prop-
erty and the taxpayer knows or has rea-
son to know that the property will cease
to qualify as 30C property for one of the
reasons listed in (1) or (2) of this para-
graph. Except as provided in (4), a sale or
other disposition (including a disposition
by reason of an accident or other casu-
alty) of 30C property is not a recapture
event. Proposed §1.30C-4(b)(3) would
clarify that property is not subject to the
recapture provisions solely because it is
placed in service in a location that subse-
quently ceases to be in a qualified census
tract. Thus, a change in the identification
of eligible census tracts alone would not
require a taxpayer to recapture the section
30C credit.
Proposed §1.30C-4(b) would also pro-
vide a formula for determining the amount

October 7, 2024 770 Bulletin No. 2024–41
of the recapture and adjustments to basis
following a recapture event.
The Treasury Department and the IRS
request comments on how the recapture
rules should apply where the person who
sells 30C property to a tax-exempt or
government entity is treated as the tax-
payer placing the 30C property in service,
including any notifications that should be
required.
B. Property Used by a Tax-Exempt or
Government Entity
Section 30C(e)(2) allows a person who
sells 30C property that is used in a manner
described in section 50(b)(3) or (4) (gen-
erally property used by tax-exempt orga-
nizations, government entities, or foreign
persons or entities), to be eligible for the
section 30C credit, but only if the seller
clearly discloses in a document the amount
of any such credit allowable. Use of this
rule typically results in a lower upfront
cost to a tax-exempt or government entity
for the 30C property, while allowing the
seller to claim the section 30C credit.
Section 6417, added by the IRA, pro-
vides a benefit to applicable entities
(defined in section 6417(d)(1)(A) and
§1.6417-1(c)), which include certain
tax-exempt and government entities that
are described in section 50(b)(3) or (4).
Section 6417 allows applicable entities to
make an election to be treated as making
a payment of tax in the amount of certain
applicable credits, including the section
30C credit, which results in a refund equal
to the amount of the applicable credits if
such entity has no other tax liability. Sec-
tion 6417(d)(2)(A) requires an entity mak-
ing an election to determine an applicable
credit without regard to section 50(b)(3)
or (b)(4)(A)(i), effectively turning those
sections off for purposes of calculating an
applicable credit. Although section 30C
refers to section 50(b)(3) and (4) in sec-
tion 30C(e)(2) to describe property used
in a certain manner by certain persons, the
section 30C credit is always determined
without regard to section 50.
3
However,
for 30C property used by tax-exempt and
government entities (that is, property the
use of which is described in section 50(b)
(3) or (4)), these proposed regulations
would treat such 30C property as not
being used in a manner described in sec-
tion 50(b)(3) or (4) if the tax-exempt or
government entity makes an elective pay-
ment election under section 6417.
Congress appears to have provided
tax-exempt and government entities the
ability to choose whether a reduced pur-
chase price that may result under sec-
tion 30C(e)(2) or an elective payment
election under section 6417 is more
beneficial. To facilitate that choice, and
consistent with section 6417(d)(2)(A),
proposed §1.30C-4(c)(2) would treat the
use of 30C property by a tax-exempt or
government entity as not being described
in section 50(b)(3) or (4), and therefore
not available for the seller to be treated
as the taxpayer placing the 30C property
in service, if such entity notifies the seller
in writing of its intent to make the section
6417 election.
The section 30C credit is only allowed
once per 30C property. Thus, if the tax-ex-
empt or government entity notifies the
seller of its intent to make an elective pay-
ment election pursuant to section 6417(a)
with respect to the section 30C credit, the
seller cannot claim any credit allowable
under section 30C(a) with respect to such
property.
The Treasury Department and the
IRS request comments on whether this
approach is practical for entities described
in section 50(b)(3) and (b)(4)(A)(i) and
for those who sell them 30C property.
The Treasury Department and the IRS
also request comments on the notification
process described above, including the
timing of such notifications and whether
transition rules may be necessary for proj-
ects for which contracts have already been
signed.
C. Dual-use Property
Notice 2007-43 provided rules for
the application of the section 30C credit
to dual-use property, generally mean-
ing property that is used for a creditable
purpose and a non-creditable purpose.
The proposed regulations would gener-
ally incorporate the dual-use rules from
the notice, with some modifications to
account for subsequent amendments to
section 30C (such as the inclusion of
transportation fuel as defined in section
45Z(d)(5)).
Proposed §1.30C-4(d) would provide
separate rules for (1) dual-use property
that is used for dispensing or storing both
qualified alternative fuel and conventional
fuel, (2) dual-use property that is used to
store qualified alternative fuel that is dis-
pensed into the fuel tank of a motor vehi-
cle and to store fuel that is transported to
other locations, and (3) dual-use property
that is used to store or transmit electric-
ity for recharging a motor vehicle and for
other, non-creditable, purposes. In each
case, the creditable portion of the cost of
such property is limited to the increase in
the cost of the dual-use property over the
cost of equivalent property used only for
the non-creditable use. For example, if
a taxpayer owns a fuel tank that is used
to store fuel that is used to refuel motor
vehicles at the point where the motor vehi-
cles are refueled, but is also used to store
fuel that the taxpayer transports to other
locations, then the cost of the fuel tank is
taken into account only to the extent the
cost exceeds the cost of a tank used only
to store fuel transported to other locations.
The Treasury Department and the IRS are
aware that in some cases, this will result
in the dual-use property’s cost not being
creditable under section 30C. However,
the Treasury Department and the IRS are
of the view that Notice 2007-43 has pro-
vided a workable and administrable rule
for most of the existence of the section
30C credit to date.
V. Proposed Amendments to
Regulations under other Code Sections
The proposed regulations would also
make minor conforming changes to pro-
posed §§1.48-9 and 1.48E-2, as well as to
§§1.6417-6 and 1.6418-5 to comport with
the proposed section 30C regulations.
Effect on Other Documents
Notice 2007-43, 2007-22 I.R.B. 1318,
is withdrawn.
3
Section 50(b) provides that no credit “shall be determined under this subpart” for certain property. Section 50(b) is in subpart E of part IV of subchapter A of chapter 1. Section 30C is in
subpart B of part IV of subchapter A of chapter 1.

Bulletin No. 2024–41 771 October 7, 2024
Proposed Applicability Dates
Except as otherwise provided, these
regulations are proposed to apply to prop-
erty placed in service in taxable years
ending after the date of publication of the
Treasury Decision adopting these rules as
final rules in the Federal Register.
Special Analyses
I. Regulatory Planning and Review
Pursuant to the Memorandum of
Agreement, Review of Treasury Regula-
tions under Executive Order 12866 (June
9, 2023), tax regulatory actions issued by
the IRS are not subject to the requirements
of section 6 of Executive Order 12866, as
amended. Therefore, a regulatory impact
assessment is not required.
II. Paperwork Reduction Act
The Paperwork Reduction Act of 1995
(44 U.S.C. 3501-3520) (PRA) generally
requires that a Federal agency obtain the
approval of the Office of Management
and Budget (OMB) before collecting
information from the public, whether such
collection of information is mandatory,
voluntary, or required to obtain or retain a
benefit. A Federal agency may not conduct
or sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid control number
assigned by the OMB.
The collections of information in these
proposed regulations contain reporting
and recordkeeping requirements. The
recordkeeping requirements mentioned
within these proposed regulations are
considered general tax records under §
1.6001-1(e). These records are required
for the IRS to validate that taxpayers have
met the regulatory requirements and are
entitled to a credit under section 30C. For
PRA purposes, general tax records are
already approved by OMB under 1545-
0047 for tax-exempt organizations and
government entities; 1545-0074 for indi-
viduals; and under 1545-0123 for business
entities.
These proposed regulations men-
tion requirements to claim the credit in
§ 1.30C–2(e), using Form 8911, Alter-
native Fuel Vehicle Refueling Property
Credit (or successor form as the Secretary
prescribes). This form is approved under
1545–0047 for tax-exempt organizations
and governmental entities; 1545–0074 for
individuals; and 1545–0123 for business
entities. These proposed regulations are
not changing or creating new collection
requirements not already approved by
OMB. These proposed regulations also
mention recapture procedures as detailed
in § 1.30C–4(b). These recapture pro-
cedures are also performed using Form
8911, Alternative Fuel Vehicle Refueling
Property Credit (or successor form as
the Secretary prescribes). This form is
approved under 1545–0047 for tax-ex-
empt organizations and governmental
entities; 1545–0074 for individuals; and
1545–0123 for business entities. These
proposed regulations are not changing or
creating new collection requirements not
already approved by OMB.
These proposed regulations also
include third-party disclosures if a tax-ex-
empt or government entity makes an
election under section 6417 to be treated
as making a payment against the tax.
This third-party disclosure and its associ-
ated burden will be included in form and
instructions for Form 8911 (or successor
form as the Secretary prescribes) and will
be submitted to OMB under 1545-0047,
1545-0074, and 1545-0123 in accordance
with the PRA procedures under 5 CFR
1320.10.
With respect to the PWA provisions
in §1.30C–3, these requirements are
approved under 1545-2315. With respect
to the elective pay provisions in §1.30C-
4(c)(2), there is no form associated with
this collection, but will be collected in the
portal only and is approved under 1545-
2310. These proposed regulations are
not changing or creating new collection
requirements not already approved by
OMB.
III. Regulatory Flexibility Act
The Regulatory Flexibility Act (5
U.S.C. 601 et seq.) (RFA) imposes certain
requirements with respect to Federal rules
that are subject to the notice and comment
requirements of section 553(b) of the
Administrative Procedure Act (5 U.S.C.
551 et seq.) and that are likely to have a
significant economic impact on a sub-
stantial number of small entities. Unless
an agency determines that a proposal is
not likely to have a significant economic
impact on a substantial number of small
entities, section 603 of the RFA requires
the agency to present an initial regulatory
flexibility analysis (IRFA) of the proposed
rule.
Pursuant to the RFA, the Secretary
hereby certifies that these proposed reg-
ulations will not have a significant eco-
nomic impact on a substantial number
of small entities within the meaning of
section 601(6) of the Regulatory Flexi-
bility Act. Pursuant to section 7805(f),
this notice of proposed rulemaking has
been submitted to the Chief Counsel for
the Office of Advocacy of the Small Busi-
ness Administration for comment on their
impact on small business.
The RFA directs agencies to provide
a description of and, if feasible, an esti-
mate of, the number of small entities that
may be affected by the proposed rules, if
adopted. Section 30C and these proposed
regulations may affect a variety of dif-
ferent entities across multiple industries,
including individuals, tax-exempt entities,
small businesses, partnerships, and large
businesses. Although there is uncertainty
as to the exact number of small businesses
within this group, the current estimated
number of respondents to these proposed
rules is 4,000 small business entities,
based on a review of filing information
since 2019 and extrapolations into the
future.
Small business entities to claim the
section 30C credit must satisfy reporting
requirements that are the same as those
faced by individuals accessing the section
30C credit. Taxpayers will continue to
file Form 8911, Alternative Fuel Vehicle
Refueling Property Credit (or successor
form as the Secretary prescribes), as was
the case for the section 30C credit prior to
amendments made by the IRA and prior
to the publication of these proposed regu-
lations. The estimated burden for individ-
ual and business taxpayers filing this form
is approved under OMB control number
1545-0074 and 1545-0123.
Although the Treasury Department and
IRS estimate that 4,000 small business enti-
ties will claim the credit under section 30C
in a given year, the proposed regulations
will not have a significant economic impact

October 7, 2024 772 Bulletin No. 2024–41
on such entities. The proposed regulations
do not impose any additional burden on
taxpayers outside of what is provided by
the statute. For example, the IRA modified
section 30C(c)(3) to require property to be
located in eligible census tracts. These pro-
posed regulations provide guidance regard-
ing low-income areas, non-urban areas,
and the determination of eligible census
tracts, but do not impose any additional
requirements beyond what is set forth in
the statute that would give rise to signifi-
cant economic impacts on small business
entities. Additionally, these proposed reg-
ulations provide rules regarding recapture
of the credit, but recapture is provided for
in section 30C(e)(5), and these proposed
rules merely provide the framework for the
statutorily required recapture.
The Treasury Department and IRS have
determined that the continued requirement
to file a Form 8911, Alternative Fuel Vehi-
cle Refueling Property Credit (or succes-
sor form as the Secretary prescribes), is
unlikely to involve significant adminis-
trative costs beyond what was previously
required.
Accordingly, the Secretary certifies that
these proposed regulations will not have a
significant economic impact on a substan-
tial number of small entities. The Treasury
Department and the IRS request comments
that provide data, other evidence, or mod-
els that provide insight on this issue.
IV. Unfunded Mandates Reform Act
Section 202 of the Unfunded Mandates
Reform Act of 1995 requires that agencies
assess anticipated costs and benefits and
take certain other actions before issuing a
final rule that includes any Federal man-
date that may result in expenditures in
any one year by a State, local, or Tribal
government, in the aggregate, or by the
private sector, of $100 million in 1995
dollars, updated annually for inflation.
This proposed rule does not include any
Federal mandate that may result in expen-
ditures by State, local, or Tribal govern-
ments, or by the private sector in excess of
that threshold.
V. Executive Order 13132: Federalism
Executive Order 13132 (Federalism)
prohibits an agency (to the extent practi-
cable and permitted by law) from promul-
gating any regulation that has federalism
implications, unless the agency meets the
consultation and funding requirements
of section 6 of the Executive order, if
the rule either imposes substantial, direct
compliance costs on State and local gov-
ernments, and is not required by statute,
or preempts State law. This proposed rule
does not have federalism implications and
does not impose substantial direct compli-
ance costs on State and local governments
or preempt State law within the meaning
of the Executive order.
Comments and Requests for a Public
Hearing
Before these proposed regulations are
adopted as final regulations, consideration
will be given to any comments that are
submitted timely to the IRS as prescribed
in this preamble under the ADDRESSES
heading.
The Treasury Department and the IRS
request comments on all aspects of the
proposed regulations. Any comments sub-
mitted will be made available at https://
www.regulations.gov or upon request.
A public hearing will be scheduled if
requested in writing by any person who
timely submits electronic or written com-
ments. Requests for a public hearing are
also encouraged to be made electronically.
If a public hearing is scheduled, notice of
the date and time for the public hearing
will be published in the Federal Register.
Statement of Availability of IRS
Documents
The IRS Revenue Procedures, Notices,
and other guidance cited in this pream-
ble are published in the Internal Revenue
Bulletin and is available from the Super-
intendent of Documents, U.S. Govern-
ment Publishing Office, Washington, DC,
20402, or by visiting the IRS website at
https://www.irs.gov.
Drafting Information
The principal author of the proposed
regulations is the Office of Associate
Chief Counsel (Passthroughs & Special
Industries). However, other personnel
from the Treasury Department and the
IRS participated in the development of the
proposed regulations.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and record-
keeping requirements.
Proposed Amendments to the
Regulations
Accordingly, the Treasury Department
and the IRS propose to amend 26 CFR
part 1 as follows:
PART 1 – INCOME TAXES
Paragraph 1. The authority citation
for part 1 is amended by:
1. Adding entries for §§1.30C-1 and
1.30C-2 in numerical order;
2. Revising the entry for §1.30C-3; and
3. Adding entries for §§1.30C-4, 1.48-
9(e)(10), and 1.48E-2(g)(6) in numerical
order.
The additions and revisions read in part
as follows:
Authority: 26 U.S.C. 7805 * * *
* * * * *
Section 1.30C-1 also issued under 26
U.S.C. 30C(h).
Section 1.30C-2 also issued under 26
U.S.C. 30C(h).
Section 1.30C-3 also issued under 26
U.S.C. 30C(g)(4) and (h).
Section 1.30C-4 also issued under 26
U.S.C. 30C(e)(5) and (h).
* * * * *
Section 1.48-9(e)(10) also issued under
26 U.S.C. 48(a)(16).
* * * * *
Section 1.48E-2(g)(6) also issued
under 26 U.S.C. 48E(i).
* * * * *
Par. 2. Sections 1.30C-0 through
1.30C-2 are added to read as follows:
* * * * *
1.30C-0 Table of contents.
1.30C-1 Credit for alternative fuel
vehicle refueling property; Definitions.
1.30C-2 General rules.
* * * * *
§1.30C-0 Table of contents.
This section lists the captions contained
in §§1.30C-1 through 1.30C-4.

Bulletin No. 2024–41 773 October 7, 2024
§1.30C-1 Credit for alternative fuel
vehicle refueling property; Definitions.
(a) In general.
(b) Definitions.
(1) 30C property.
(i) Applicable property.
(ii) Property integral to refueling prop-
erty or recharging property.
(iii) Other requirements.
(2) 45Z transportation fuel.
(3) Building and structural components.
(4) Census block.
(5) Charger.
(6) Charging port.
(7) Clean burning fuel.
(8) Connector.
(9) Conventional fuel.
(10) Conventional refueling property.
(11) Electric vehicle.
(12) Fuel dispenser.
(13) Fuel tank.
(14) Functionally interdependent.
(15) Integral part.
(16) Located at the point.
(i) Refueling property.
(ii) Recharging property.
(17) Motor vehicle.
(i) In general.
(ii) 2 or 3-wheeled motor vehicle.
(18) Original use.
(19) Population census tract.
(20) Qualified alternative fuel.
(21) Qualifying biodiesel mixture.
(22) Section 30C credit.
(23) Section 30C regulations.
(24) Statutory references.
(i) Chapter 1.
(ii) Code.
(25) Storage property.
(i) In general.
(ii) Qualified alternative fuel storage
property.
(iii) Electrical energy storage property.
(c) Applicability date.
§1.30C-2 General rules.
(a) Amount of credit.
(1) In general.
(2) Applicable percentages.
(i) Property of a character subject to an
allowance for depreciation.
(ii) Projects meeting the prevailing
wage and apprenticeship requirements.
(iii) Property not subject to an allow-
ance for depreciation.
(3) Apportionment of section 30C
credit between business and personal use.
(i) Business use portion.
(ii) Personal use portion.
(4) Dollar-amount limitations.
(i) In general.
(ii) Apportioned-use property.
(b) 30C property rules.
(1) Single item of 30C property.
(2) Associated property.
(3) Calculating the section 30C credit.
(4) Special rule for bidirectional
charging equipment.
(5) Property for the refueling of certain
two- and three-wheeled motor vehicles.
(6) Placed in service.
(i) Depreciable property.
(ii) Non-depreciable property.
(c) Eligible census tracts.
(1) Geographic requirement.
(2) Low-income community census
tract.
(i) In general.
(ii) Modification for high migration
rural counties.
(3) Non-urban census tract.
(4) Determination of eligibility of spe-
cific census tracts.
(d) Reduction in basis.
(e) Examples.
(1) Example 1.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(2) Example 2.
(i) Facts.
(ii) Analysis.
(3) Example 3.
(i) Facts.
(ii) Analysis.
(4) Example 4.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(5) Example 5.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(6) Example 6.
(i) Facts.
(ii) Analysis.
(7) Example 7.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(8) Example 8.
(i) Facts.
(ii) Analysis.
(9) Example 9.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(10) Example 10.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(11) Example 11.
(i) Facts.
(ii) Analysis.
(12) Example 12.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(13) Example 13.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(14) Example 14.
(i) Facts.
(ii) Analysis.
(A) 30C property.
(B) Calculation of the credit.
(15) Example 15.
(i) Facts.
(ii) Analysis.
(f) Claim requirements.
(g) Applicability date.
§1.30C-3 Rules relating to the increased
credit amount for prevailing wage and
apprenticeship.
(a) In general.
(b) 30C project requirements.
(1) In general.
(2) Determination of a project.
(3) Related taxpayers.
(i) Definition.
(ii) Related taxpayer rule.
(c) Coordination with 30C(e)(2) and
§1.30C-4(c).
(d) Examples.
(1) Example 1.
(i) Facts.
(ii) Analysis.
(2) Example 2.

October 7, 2024 774 Bulletin No. 2024–41
(i) Facts.
(ii) Analysis.
(e) Applicability date.
§1.30C-4 Special rules.
(a) No credit allowable in certain cir-
cumstance.
(1) Property used outside the United
States.
(2) Property placed in service in a
United States territory.
(3) Section 179.
(b) Recapture.
(1) In general.
(2) Recapture event.
(3) Property placed in service in a loca-
tion that ceases to be in a qualified census
tract.
(4) Recapture amount.
(i) In general.
(ii) Special rule for apportioned-use
property.
(5) Basis adjustment.
(c) Property used by a tax-exempt or
governmental entity.
(1) In general.
(2) Interaction with section 6417.
(d) Dual-use property.
(1) Dual use property used for dispens-
ing or storing qualified alternative fuel
and conventional fuel.
(2) Qualified alternative fuel storage.
(3) Dual use property used to store or
transmit electricity for charging a motor
vehicle and for other purposes.
(4) Example.
(i) Facts.
(ii) Analysis.
(e) Applicability date.
§1.30C-1 Credit for alternative fuel
vehicle refueling property; Definitions.
(a) In general. The section 30C regu-
lations (as defined in paragraph (b)(23)
of this section) apply for purposes of
determining the availability and amount
of any credit that is allowed to a tax-
payer by section 30C(a) of the Code (as
defined in paragraph (b)(24)(ii) of this
section) with respect to any 30C prop-
erty (as defined in paragraph (b)(1) of
this section) placed in service by the tax-
payer during the taxable year. Paragraph
(b) of this section provides definitions of
terms for purposes of applying section
30C and the section 30C regulations. See
§1.30C-2 for general rules for determin-
ing the amount of the allowed section
30C credit. See §1.30C-3 for rules relat-
ing to the increased section 30C credit
amount for satisfying prevailing wage
and apprenticeship requirements. See
§1.30C-4 for special rules.
(b) Definitions. The definitions in this
section apply for purposes of section 30C
and the section 30C regulations.
(1) 30C property. 30C property is any
applicable property described in para-
graph (b)(1)(i) or (ii) of this section that
also meets the requirements of paragraph
(b)(1)(iii) of this section.
(i) Applicable property. Applicable
property is any property (other than real
property and a building and its structural
components) that is comprised of com-
ponents that are functionally interdepen-
dent—
(A) For the storage or dispensing of a
qualified alternative fuel into the fuel tank
of a motor vehicle propelled by such fuel,
but only if the storage or dispensing of the
fuel is located at the point where such fuel
is delivered into the fuel tank of the motor
vehicle (refueling property); or
(B) For the recharging of motor vehi-
cles propelled by electricity, but only if
the property is located at the point where
the motor vehicles are recharged (recharg-
ing property).
(ii) Property integral to refueling prop-
erty or recharging property. If applicable,
the term applicable property also includes
property the purpose of which is described
in paragraph (b)(1)(i)(A) or (B) of this
section that is an integral part of refueling
property or recharging property.
(iii) Other requirements. To be 30C
property, any applicable property must
also meet the following requirements—
(A) The property is of a character sub-
ject to an allowance for depreciation, or
installed on property that is used as the
principal residence of the taxpayer (within
the meaning of section 121 of the Code);
(B) The original use of the property
begins with the taxpayer; and
(C) The property is placed in service
(as defined in §1.30C-2(b)(6)) in an eli-
gible census tract as described in §1.30C-
2(c).
(2) 45Z transportation fuel. 45Z trans-
portation fuel means any transportation
fuel (as defined in section 45Z(d)(5) of the
Code) produced after December 31, 2024.
(3) Building and structural compo-
nents. Building and structural components
has the same meaning as in §1.48-1(e).
(4) Census block. Census block means
the smallest geographic area for which
the Census Bureau collects and tabulates
decennial census data.
(5) Charger. Charger means a device
with one or more charging ports and con-
nectors for charging electric vehicles.
(6) Charging port. Charging port
means the system within a charger that
charges one motor vehicle. A charging
port may have multiple connectors, but
it can provide power at the port’s rated
electrical output to charge only one motor
vehicle through one connector at a time.
(7) Clean burning fuel. Clean burning
fuel means—
(i) Any qualified alternative fuel; or
(ii) Electricity.
(8) Connector. Connector means the
device that attaches an electric vehicle to
a charging port to transfer electricity.
(9) Conventional fuel. Conventional
fuel means any fuel that is not a clean
burning fuel. Conventional fuel includes
diesel fuel that is not in a qualifying bio-
diesel mixture and gasoline.
(10) Conventional refueling property.
Conventional refueling property means
property that is used to dispense or store
only conventional fuel.
(11) Electric vehicle. Electric vehicle
means a motor vehicle that is either par-
tially or fully powered by electric power
received from an external power source.
(12) Fuel dispenser. Fuel dispenser
means, in the case of refueling property,
the unit through which fuel is dispensed
into the fuel tank of a motor vehicle, if
such unit is capable of fueling at or above
the dispenser’s minimum rate of fueling
and has at least one hose and nozzle, and
optionally a meter, valve, controller, and
enclosure.
(13) Fuel tank. Fuel tank means, in the
case of a motor vehicle propelled by qual-
ified alternative fuel, the tank that supplies
fuel to the propulsion engine of the motor
vehicle or, in the case of a fuel cell electric
vehicle, the tank that supplies fuel to the
fuel cell of the motor vehicle.
(14) Functionally interdependent.
Components are functionally interdepen-

Bulletin No. 2024–41 775 October 7, 2024
dent if the placing in service of each com-
ponent is dependent upon the placing in
service of each of the other components in
order to refuel or recharge a motor vehi-
cle.
(15) Integral part. Property is an
integral part of a refueling or recharg-
ing property if it is used directly in the
intended function of the refueling prop-
erty or recharging property and is essen-
tial to the completeness of the intended
function, meets all of the requirements
for 30C property described in paragraph
(b)(1)(iii) of this section, is owned by the
taxpayer that owns the refueling property
or recharging property, and is specifically
designed to be integrated with the refuel-
ing property or recharging property with
which it is associated.
(16) Located at the point—(i) Refuel-
ing property. For purposes of determining
whether property is considered refueling
property, and therefore 30C property,
located at the point means the point where
fuel is delivered into the fuel tank of the
motor vehicle. Property will be considered
located at the point where fuel is delivered
into the fuel tank of the motor vehicle if
such property is located at the same or
immediately adjacent physical address as
such fuel delivery point.
(ii) Recharging property. For purposes
of determining whether property is con-
sidered recharging property, and therefore
30C property, located at the point means
the point where the motor vehicles are
recharged. Property will be considered
located at the point where the motor vehi-
cles are recharged if it is located at the
same or immediately adjacent physical
address as such recharging point. Prop-
erty that is a component of a motor vehi-
cle and is necessary for the propulsion of
that vehicle is considered part of the vehi-
cle rather than recharging property and is
therefore not 30C property.
(17) Motor vehicle—(i) In general.
Motor vehicle means any vehicle that has
at least 4 wheels and is manufactured pri-
marily for use on public streets, roads, and
highways (not including a vehicle oper-
ated exclusively on a rail or rails).
(ii) 2- or 3-wheeled motor vehicle. For
purposes of §1.30C-2(c)(5), motor vehicle
also includes any vehicle that has 2 or 3
wheels, is manufactured primarily for use
on public streets, roads, or highways (not
including a vehicle operated exclusively
on a rail or rails), and is propelled by elec-
tricity.
(18) Original use. Original use has the
same meaning as in §1.48-2(b)(7).
(19) Population census tract. Popu-
lation census tract means the small-area
geographic divisions of a county or sta-
tistically equivalent entity defined for
the tabulation and presentation of data
from the decennial census and selected
other statistical programs, as defined by
the U.S. Bureau of the Census (Census
Bureau). Population census tracts are
comprised of census blocks. The Cen-
sus Bureau assigns to each population
census tract a unique 11-digit census
tract Geographic Identifier (GEOID). An
11-digit census tract GEOID is a GEOID
(a numeric identifier associated with a
geographic area) defined by the Census
Bureau and comprised of a 2-digit State
GEOID, 3-digit county GEOID, and
6-digit census tract GEOID. The 11-digit
census tract GEOID provides a unique
identifier for each population census tract
in the United States, including tracts in
the U.S. territories. The 11-digit census
tract GEOIDs may vary for any individ-
ual latitude/longitude point based on dif-
ferent census tract boundary delineation
dates over time.
(20) Qualified alternative fuel. Quali-
fied alternative fuel is a fuel meeting one
of the following conditions—
(i) At least 85 percent of its volume
consists of one or more of the following:
ethanol, natural gas, compressed natural
gas, liquefied natural gas, liquefied petro-
leum gas, or hydrogen;
(ii) It is a qualifying biodiesel mixture;
or
(iii) It is 45Z transportation fuel.
(21) Qualifying biodiesel mixture.
Qualifying biodiesel mixture means a
mixture of biodiesel (as defined in section
40A(d)(1) of the Code) and diesel fuel (as
defined in section 4083(a)(3) of the Code)
if such mixture contains at least 20 percent
biodiesel. For this purpose, any kerosene
in a mixture—
(i) Is disregarded in determining
whether the mixture is a mixture of bio-
diesel and diesel fuel; and
(ii) Is taken into account in determining
whether the mixture contains at least 20
percent biodiesel.
(22) Section 30C credit. The term sec-
tion 30C credit means the credit allowed
by section 30C(a) to a taxpayer to claim
against the tax imposed by chapter 1 (as
defined in paragraph (b)(24)(i) of this sec-
tion) of an amount equal to a percentage of
the cost of 30C property placed in service
by the taxpayer during the taxable year,
subject to limitations described in section
30C(b) and the section 30C regulations.
(23) Section 30C regulations. The term
section 30C regulations means this sec-
tion and §§1.30C–2 through 1.30C-4.
(24) Statutory references—(i) Chapter
1. The term chapter 1 means chapter 1 of
the Code.
(ii) Code. The term Code means the
Internal Revenue Code.
(25) Storage property—(i) In general.
Storage property means qualified alterna-
tive fuel storage property and electrical
energy storage property.
(ii) Qualified alternative fuel storage
property. Qualified alternative fuel stor-
age property means property used for the
storage of qualified alternative fuel, but
only if such storage property is located
at the point where the motor vehicles
are refueled. For example, in the case of
hydrogen energy storage property, such
property may include but is not limited
to a hydrogen compressor and associated
storage tank and an underground storage
facility and associated compressors.
(iii) Electrical energy storage property.
Electrical energy storage property means
property that receives, stores, and delivers
energy for conversion to electricity, but
only if such storage property is located
at the point where the motor vehicles are
recharged. For example, electrical energy
storage property may include but is not
limited to rechargeable electrochemical
batteries of all types (such as lithium ion,
vanadium flow, sodium sulfur, and lead-
acid).
(c) Applicability date. This section
applies to property placed in service in
taxable years ending after [date of publi-
cation of final regulations in the Federal
Register].
§1.30C-2 General rules.
(a) Amount of credit—(1) In general.
Section 30C(a) of the Code allows a tax-
payer to claim as a credit against the tax

October 7, 2024 776 Bulletin No. 2024–41
imposed by chapter 1 an amount equal to
a percentage of the cost of 30C property
placed in service by the taxpayer during
the taxable year, subject to certain dol-
lar-amount limitations described in sec-
tion 30C(b) and paragraph (a)(4) of this
section.
(2) Applicable percentages—(i) Prop-
erty of a character subject to an allow-
ance for depreciation. In the case of prop-
erty of a character subject to an allowance
for depreciation, the section 30C credit is
an amount equal to 6 percent of the cost
of any 30C property placed in service by
the taxpayer during the taxable year. For
30C property placed in service by certain
tax-exempt organizations and governmen-
tal units described in section 50(b)(3) and
(4) of the Code, see sections 30C(e)(2)
and 6417(d)(2) of the Code and §1.6417-
2(c).
(ii) Projects meeting the prevailing
wage and apprenticeship (PWA) require-
ments. In the case of any 30C project (as
described in §1.30C-3(b)(2)) that satisfies
the prevailing wage and registered appren-
ticeship requirements of section 30C(g)
and §1.30C-3 (PWA requirements), the
section 30C credit for the cost of any 30C
property in such project placed in service
by the taxpayer during the taxable year is
multiplied by 5.
(iii) Property not subject to an allow-
ance for depreciation. In the case of
property of a character not subject to
an allowance for depreciation, the sec-
tion 30C credit is an amount equal to 30
percent of the cost of any 30C property
placed in service by the taxpayer during
the taxable year provided that such prop-
erty is installed on property that is used
as the taxpayer’s principal residence
(within the meaning of section 121 of
the Code).
(3) Apportionment of section 30C
credit between business and personal
use. In the case of depreciable 30C prop-
erty installed at the taxpayer’s principal
residence, the business use of which
is more than 50 percent of a taxpayer’s
total use of the property for the taxable
year in which the property is placed in
service, the taxpayer’s section 30C credit
for that taxable year with respect to that
30C property is treated as a general busi-
ness credit under section 30C(d)(1) and
paragraph (a)(2)(i) of this section (and
not allowed under section 30C(a) or
paragraph (a)(2)(iii) of this section). If
the business use of such 30C property
is 50 percent or less of a taxpayer’s total
use of the property for the taxable year
in which the property is placed in service
(apportioned-use property), the taxpay-
er’s section 30C credit for that taxable
year with respect to that property must
be apportioned as provided in paragraphs
(a)(3)(i) and (ii) of this section:
(i) Business use portion. The portion
of the section 30C credit corresponding to
the percentage of the taxpayer’s business
use of the 30C property is treated as a gen-
eral business credit under section 30C(d)
(1) and paragraph (a)(2)(i) of this section
(and not allowed under section 30C(a) or
paragraph (a)(2)(iii) of this section).
(ii) Personal use portion. The portion
of the section 30C credit corresponding to
the percentage of the taxpayer’s personal
use of the 30C property is treated as a
section 30C credit allowed under section
30C(a) pursuant to section 30C(d)(2) and
paragraph (a)(2)(iii) of this section.
(4) Dollar-amount limitations—(i) In
general. The section 30C credit allowed
with respect to any single item of 30C
property placed in service by the taxpayer
during the taxable year cannot exceed—
(A) $100,000 in the case of any such
item of property of a character subject to
an allowance for depreciation; and
(B) $1,000 in any other case.
(ii) Apportioned-use property. In the
case of apportioned-use property described
in paragraph (a)(3) of this section, the dol-
lar-amount limitation must be apportioned
in the same manner as the taxpayer’s sec-
tion 30C credit. For example, in the case
of 30C property the business use of which
is 40 percent of a taxpayer’s total use of
the property for the taxable year in which
the property is placed in service: the por-
tion treated as a general business credit
under section 30C(d)(1) cannot exceed
$40,000 ($100,000 multiplied by 40 per-
cent), and the portion treated as a section
30C credit allowed under section 30C(a)
cannot exceed $600 ($1,000 multiplied by
60 percent).
(b) 30C property rules—(1) Single item
of 30C property. A taxpayer may claim
the section 30C credit with respect to 30C
property if the taxpayer places in service
at least one single item of 30C property
as described in paragraph (b)(6) of this
section, any other components associated
with the item that are functionally inter-
dependent, and, if applicable, any integral
part property associated with the item. For
purposes of calculating the section 30C
credit, a single item of 30C property is–
(i) Each charging port for recharging
property;
(ii) Each fuel dispenser for refueling
property; or
(iii) Each storage property (for this
purpose, a storage system comprised of
multiple storage tanks, such as a cascade
system, is treated as a single storage prop-
erty).
(2) Associated property. If functionally
interdependent property and, if applica-
ble, integral part property that is a part of
the 30C property is placed in service by a
taxpayer in a taxable year and is associ-
ated with one or more single items of 30C
property (associated property), then such
associated property must be allocated as
follows:
(i) If associated property is directly
attributable and traceable to a single item
of 30C property, then the cost of such
associated property is allocated to such
single item of 30C property.
(ii) If associated property is directly
attributable and traceable to more than
one single item of 30C property, then the
cost of such associated property is allo-
cated to such single item of 30C property
based on the cost of each single item of
30C property. The total cost of such asso-
ciated property divided among the 30C
properties cannot exceed 100 percent of
the cost of such associated property.
(3) Calculating the section 30C credit.
The section 30C credit for each single item
of 30C property is the lesser of the tenta-
tive section 30C credit for that single item
or the dollar-amount limitations in para-
graph (a)(4) of this section for that single
item. The tentative section 30C credit for
each single item of 30C property equals:
(i) The applicable percentage; multi-
plied by
(ii) The sum of—
(A) The cost of the single item of 30C
property;
(B) The cost of associated property that
is directly attributable and traceable to the
single item of 30C property (as described
in paragraph (b)(2)(i) of this section); and

Bulletin No. 2024–41 777 October 7, 2024
(C) The cost of the ratable share of
associated property (as described in para-
graph (b)(2)(ii) of this section).
(4) Special rule for bidirectional
charging equipment. Property will not
fail to be treated as 30C property solely
because such property is capable of
charging the battery of a motor vehicle
propelled by electricity and allows dis-
charging electricity from such battery to
an electric load external to such motor
vehicle.
(5) Property for the refueling of cer-
tain two- and three-wheeled motor vehi-
cles. 30C property also includes property
of a character subject to an allowance for
depreciation that is for the recharging of
a motor vehicle described in §1.30C-1(b)
(17)(ii).
(6) Placed in service—(i) Depreciable
property. 30C property that is depreciable
property is considered placed in service in
the earlier of the following taxable years:
(A) The taxable year in which, under
the taxpayer’s depreciation practice, the
period for depreciation with respect to
such property begins; or
(B) The taxable year in which such
property is placed in a condition or state
of readiness and availability for a specifi-
cally assigned function, whether in a trade
or business or in the production of income.
(ii) Non-depreciable property. 30C
property that is non-depreciable property
is considered placed in service when it is
installed at the principal residence of the
taxpayer and is operational.
(c) Eligible census tracts—(1) Geo-
graphic requirement. To qualify for the
section 30C credit, 30C property must
be placed in service in an eligible census
tract. Eligible census tracts include any
population census tract that qualifies as
a low-income community census tract or
that is a non-urban census tract.
(2) Low-income community census
tract—(i) In general. A population census
tract is an eligible low-income commu-
nity census tract for purposes of the sec-
tion 30C credit if the population census
tract meets the requirements of section
45D(e)(1) of the Code (relating to the
new markets tax credit), which requires
that the poverty rate for such tract is at
least 20 percent, or in the case of a tract
not located within a metropolitan area,
the median family income for such tract
does not exceed 80 percent of statewide
median family income, or in the case of
a tract located within a metropolitan area,
the median family income for such tract
does not exceed 80 percent of the greater
of statewide median family income or the
metropolitan area median family income.
(ii) Modification for high migration
rural counties. In the case of a census
tract located within a high migration rural
county, as defined under section 45D(e)(5)
of the Code, such census tract is a low-in-
come community if the median family
income for such tract does not exceed
85 percent of statewide median family
income.
(3) Non-urban census tract. For pur-
poses of the section 30C credit, a non-ur-
ban census tract is any population census
tract in which at least 10 percent of the
census blocks are not designated as urban
areas by the Census Bureau.
(4) Determination of eligibility of spe-
cific census tracts. The Internal Revenue
Service (IRS) will periodically publish
lists of specific census tracts that meet the
criteria in paragraph (c)(1) of this section
along with instructions on how taxpayers
may determine their census tract identi-
fying numbers in the Federal Register or
Internal Revenue Bulletin (see §601.601
of this chapter).
(d) Reduction in basis. The basis of any
property for which a credit is allowable
under section 30C(a) must be reduced by
the amount of the credit so allowed (deter-
mined without regard to section 30C(d)).
(e) Examples. The following examples
illustrate the rules of this section.
(1) Example 1—(i) Facts. A installs a free-stand-
ing garage at A’s principal residence, which costs
$25,000. A installs electric vehicle supply equipment
(EVSE), which costs $1,500 and consists of an AC
Level 2 charger, charging port, and connector. A also
installs a wall mount to support the charging port,
which costs $500. The wall mount is specifically
designed to be integrated with the EVSE. Finally, A
adds a new electric panel and installs conduit/wiring,
which together costs $1,000, to connect the charging
port to the electrical service line. The new electric
panel and conduit/wiring are used exclusively to ser-
vice the charging port and are required to make the
charging port operational. All property is owned by
A and is not subject to an allowance for deprecia-
tion. All costs include labor costs. The property is
placed in service at the time it is installed. A’s princi-
pal residence is located in an eligible census tract as
described in paragraph (c) of this section.
(ii) Analysis—(A) 30C property. The charger,
charging port, connector, wall mount, electric panel,
and conduit/wiring are 30C property under §1.30C-
1(b)(1). The charger, connector, and conduit/wiring
are functionally interdependent with the charging
port (and all of these properties together constitute
recharging property under §1.30C-1(b)(1)(i)(B)).
The electric panel and wall mount are an integral
part of the recharging property under §1.30C-1(b)(1)
(ii) and (b)(15). The charger, charging port, connec-
tor, wall mount, electrical panel, and conduit/wiring
meet the other requirements of §1.30C-1(b)(1)(iii)
because the property is installed at A’s principal res-
idence, the original use of the property begins with
A, and the property is placed in service (as defined
in paragraph (b)(6) of this section) in an eligible cen-
sus tract as described in paragraph (c) of this section.
The garage is not 30C property because any building
or its structural components are excluded from the
definition of 30C property under §1.30C-1(b)(1)(i),
and therefore cannot qualify as functionally interde-
pendent with the charging port nor as an integral part
of the recharging property.
(B) Calculation of the credit. Under paragraph
(b)(1)(i) of this section, the charging port is the
item of 30C property for purposes of calculating
the credit. Further, under paragraph (b)(2) of this
section, the charger (excluding the charging port),
connector, wall mount, electrical panel, and con-
duit/wiring are all directly attributable and traceable
associated property with respect to the charging port.
Under paragraph (b)(3) of this section, the tentative
section 30C credit is the sum of the cost of a single
item of 30C property (charging port) and the cost of
directly attributable and traceable associated prop-
erty, multiplied by the applicable percentage (30%).
Here, the cost of the charging port is included in the
cost of the EVSE (with the charger and connector),
and because the charger includes only a single port,
the entire $1,500 is taken into account as either the
item of 30C property or as directly attributable and
traceable associated property. Thus, the tentative sec-
tion 30C credit under paragraph (b)(3) of this section
is $3,000 ($1,500 for the charger + $500 for the wall
mount + $1,000 for the panel and wiring) multiplied
by the applicable percentage (30%), which equals
$900. Because $900 is less than the $1,000 limit in
paragraph (a)(4)(i)(B) of this section, the final sec-
tion 30C credit is also $900.
(2) Example 2—(i) Facts. The facts are the
same as paragraph (e)(1) of this section (Example 1),
except that the total cost of all directly attributable
and traceable associated property other than the char-
ger (excluding the charging port) is $3,500.
(ii) Analysis. Under paragraph (b)(3) of this sec-
tion, the tentative section 30C credit is the sum of the
cost of a single item of 30C property (charging port)
and the cost of directly attributable and traceable
associated property, multiplied by the applicable per-
centage (30%). As in paragraph (e)(1) of this section
(Example 1), the cost of the charging port is included
in the cost of the EVSE (with the charger and connec-
tor), and because the charger includes only a single
port, the entire $1,500 is taken into account as either
the item of 30C property or as directly attributable
and traceable associated property. Thus, the tentative
section 30C credit under paragraph (b)(3) of this sec-
tion is $5,000 ($1,500 for the charger + $3,500 for all
directly attributable and traceable associated prop-
erty) multiplied by the applicable percentage (30%),
which equals $1,500. Because $1,500 is greater than

October 7, 2024 778 Bulletin No. 2024–41
the $1,000 limit in paragraph (a)(4)(i)(B) of this sec-
tion, the final section 30C credit is $1,000.
(3) Example 3—(i) Facts. The facts are the same
as paragraph (e)(2) of this section (Example 2),
except that A operates a delivery service and installs
the EVSE at her personal residence that she uses to
charge both her personal vehicle and her delivery
vehicle. Her business use of the EVSE is 40%. The
PWA requirements are not satisfied.
(ii) Analysis. (A) As in paragraph (e)(2) of this
section (Example 2), the cost of the charging port is
included in the cost of the EVSE (with the charger
and connector), and because the charger includes
only a single port, the entire $1,500 is taken into
account as either the item of 30C property or as
directly attributable and traceable associated prop-
erty. Under paragraph (a)(3) of this section, the 30C
property is apportioned-use property. As a result,
under paragraph (a)(4)(ii) of this section, the dol-
lar-amount limitation must be apportioned in the
same manner as the taxpayer’s section 30C credit.
(B) Under paragraph (b)(3) of this section, the
tentative section 30C credit for the personal use por-
tion of the 30C property is the sum of the cost of a
single item of 30C property (charging port) and the
cost of directly attributable and traceable associated
property, multiplied by the personal use portion
(60%), and then multiplied by the applicable percent-
age (30%). The tentative section 30C credit under
paragraph (b)(3) of this section is $5,000 ($1,500
for the charger + $3,500 for all directly attributable
and traceable associated property) multiplied by the
personal use portion (60%), and then multiplied by
the applicable percentage (30%), which equals $900.
Because $900 is greater than the $600 limit in para-
graph (a)(4)(ii) of this section ($1,000 × 60%), the
final section 30C credit for the personal use portion
is $600.
(C) Under paragraph (b)(3) of this section, the
tentative section 30C credit for the business use por-
tion of the 30C property is the sum of the cost of a
single item of 30C property (charging port) and the
cost of directly attributable and traceable associated
property, multiplied by the business-use portion
(40%), and then multiplied by the applicable per-
centage (6%). The tentative section 30C credit under
paragraph (b)(3) of this section is $5,000 ($1,500
for the charger + $3,500 for all directly attributable
and traceable associated property) multiplied by the
business-use portion (40%), and then multiplied by
the applicable percentage (6%), which equals $120.
Because $120 is less than the $40,000 limit in para-
graph (a)(4)(ii) of this section ($100,000 × 40%), the
final section 30C credit for the business-use portion
is $120.
(4) Example 4—(i) Facts. B is a business entity
that owns a fleet of medium-duty electric delivery
vans. To recharge its electric delivery vans, B installs
several properties at the same physical address in the
same taxable year. First, B installs 20 direct current
fast chargers (DCFCs), that have 2 charging ports
each for a total of 40 charging ports. Each DCFC
costs $30,000. B also installs a pedestal to support
each DCFC, which cost $1,000 each. B additionally
installs an electric panel and conduit/wiring, which
together cost $50,000, to connect the DCFCs to the
electrical service line. Finally, B installs a smart
charge management system for $25,000, which is
used to control the amount of power dispensed by
the DCFCs to meet B’s charging needs and prevent
equipment overloads. The electric panel and conduit/
wiring are used exclusively to service the DCFCs
and are necessary to install to make each charging
port operational. All property is owned by B. All
costs include labor costs. Each of the above proper-
ties is property of a character subject to depreciation
and is placed in service at the time it is installed. The
physical address where B installs these properties
is located in an eligible census tract as described in
paragraph (c) of this section.
(ii) Analysis—(A) 30C property. The DCFCs,
pedestals, electric panel, conduit/wiring, and the
smart charge management system all constitute
30C property under §1.30C-1(b)(1). Each DCFC
and each pedestal is functionally interdependent
with the respective charging ports with which they
are associated and the conduit/wiring property is
functionally interdependent with the entire class of
charging ports (and these properties together consti-
tute recharging property under §1.30C-1(b)(1)(i)(B))
and the electric panel and the smart charge manage-
ment system constitute integral parts of the entire
class of charging ports under §1.30C-1(b)(1)(ii) and
(b)(15). The DCFCs, pedestals, the electrical panel,
conduit/wiring, and the smart charge management
system all meet the other requirements of §1.30C-
1(b)(1)(iii) because the properties are each subject
to an allowance for depreciation, the original use of
the properties begins with B, and the properties are
placed in service (as described in paragraph (b)(6) of
this section) in an eligible census tract as described
in paragraph (c) of this section.
(B) Calculation of the credit. (1) Under para-
graph (b)(1)(i) of this section, each charging port
constitutes a separate item of 30C property for pur-
poses of calculating the credit. Additionally, under
paragraph (b)(2)(i) of this section, each charger
(excluding its respective ports) and each pedestal,
electrical panel, and the conduit/wiring are all associ-
ated property that is directly attributable to and trace-
able with respect to their respective charging ports.
Further, the electric panel, the conduit/wiring, and
the smart charge management system are associated
property directly attributable and traceable to more
than one single item of 30C property, as described in
paragraph (b)(2)(ii) of this section, because they are
not directly attributable and traceable to any single
charging port.
(2) Under paragraph (b)(3) of this section, B’s
tentative section 30C credit for each single item
of 30C property (each charging port) is the sum of
the cost of that single item of 30C property (each
charging port), the cost of directly attributable and
traceable associated property, and the ratable share
of the cost of other associated property multiplied by
the applicable percentage as described in paragraph
(a)(2) of this section (6% or 30%, depending on
whether the PWA requirements are satisfied).
(3) Because each DCFC charger costs $30,000
and each has 2 charging ports, the cost of each port
is $15,000 ($30,000 ÷ 2). Additionally, because each
pedestal supports a charger with 2 ports and costs
$1,000, the cost attributable to each port is $500
($1,000 ÷ 2). The costs of the electric panel and
the conduit/wiring are allocated ratably based on
the cost per charging port ($50,000 ÷ 40 = $1,250).
Similarly, the cost of the smart charge management
system is also allocated ratably based on the cost per
charging port ($25,000 ÷ 40 = $625).
(4) B should therefore calculate a separate sec-
tion 30C credit for each single item of 30C property
(that is, each of the 40 charging ports) by adding the
cost of the charging port ($15,000) to the cost ($500)
of directly attributable and traceable associated prop-
erty (respective pedestal) and to the ratable shares
($1250 + $625) of the two functionally interdepen-
dent and integral part properties (panel, including its
conduit/wiring, and the smart charge management
system). The sum of these costs is $17,375 for each
charging port.
(5) If B does not meet the PWA requirements,
B’s tentative section 30C credit for each charging
port is $17,375 multiplied by the applicable percent-
age (6% under paragraph (b)(3)(i) of this section),
which equals $1,042.50. Because $1,042.50 is less
than the $100,000 credit limit for depreciable prop-
erty under paragraph (a)(4)(i)(A) of this section, the
final section 30C credit for each charging port is also
$1,042.50. B’s total section 30C credit is $41,700,
the sum of the section 30C credit for each charging
port that B placed in service ($1,042.50 × 40) in the
taxable year.
(6) If B meets the PWA requirements, B’s ten-
tative section 30C credit for each charging port
is $17,375 multiplied by the increased applicable
percentage (30%) under paragraph (b)(3)(i) of this
section, which equals $5,212.50. Because $5,212.50
is less than the $100,000 credit limit for depreciable
property under paragraph (a)(4)(i)(A) of this sec-
tion, the final section 30C credit for each charging
port is also $5,212.50. B’s total section 30C credit is
$208,500, the sum of the section 30C credit for each
charging port that B placed in service ($5,212.50 ×
40) during the taxable year. The fact that this total
credit exceeds the $100,000 limit is not relevant
because section 30C(b)(1) and paragraph (a)(4)(i)
(A) of this section provide that the $100,000 limit
applies on a per-item basis and not as an aggregate
limit.
(5) Example 5—(i) Facts. The facts are the
same as paragraph (e)(4) of this section (Example
4), except that B places in service the electric panel,
conduit/wiring, smart charge management system,
and 10 DCFCs in Year 1. In Year 2, B then installs
and places in service the other 10 DCFCs.
(ii) Analysis—(A) 30C property. Under para-
graph (a) of this section, the amount of the credit,
generally, is determined based on a percentage of the
cost of 30C property placed in service, as defined
under paragraph (b)(6) of this section, by a taxpayer
during a taxable year. In this example, B has placed
in service 10 DCFCs, and certain integral part prop-
erty and property that is functionally interdependent
to all 20 DCFCs in one tax year, while placing in ser-
vice 10 more DCFCs in a different tax year. B will,
therefore, include the electric panel, conduit/wiring,
smart charge management system, and 10 pedestals
and 20 ports (that is, the 10 DCFCs placed in ser-
vice in year 1) in calculating the Year 1 section 30C
credit. In Year 2, B will only include in calculating
B’s total section 30C credit, the 10 pedestals and 20
ports installed in year 2.
(B) Calculation of the credit. (1) For year 1
the cost of each DCFC charger is still $30,000 and

Bulletin No. 2024–41 779 October 7, 2024
the cost of each port is still $15,000. Additionally,
the cost for the pedestals attributable to each port
is still $500. The costs of the electric panel and
the conduit/wiring are allocated ratably based on
the cost per charging port placed in service in the
same taxable year ($50,000 ÷ 20 = $2,500). Sim-
ilarly, the cost of the smart charge management
system is also allocated ratably based on the cost
per charging port placed in service in the same
taxable year ($25,000 ÷ 20 = $1,250). The cost
for each single item in Year 1 includes the cost of
each port ($15,000), the ratable share of the cost of
the pedestal ($500), the ratable share of the cost of
the electric panel and conduit/wiring ($2,500) and
the ratable share of the cost of the smart charge
management system ($1,250). The sum of these
costs for a single item of 30C property in year 1 is
$19,250. If B did not meet the PWA requirements,
B’s tentative section 30C credit for each charging
port is $19,250 multiplied by the 6% applicable
rate, which equals $1,155 per single item of 30C
property for Year 1. In total, B’s section 30C credit
for Year 1 would be $ 23,100 ($1,155 × 20). If
B does meet the PWA requirements, B’s tentative
section 30C credit for each port is $5,775, which
is the $19,250 cost per single item multiplied by
the 30% applicable rate. In total, if B meets the
PWA requirements, B’s section 30C credit for
Year 1 would be $115,500 ($5,775 × 20). The fact
that this total credit exceeds the $100,000 limit is
not relevant because section 30C(b)(1) and para-
graph (a)(4)(i)(A) of this section provide that the
$100,000 limit applies on a per-item basis and not
as an aggregate limit.
(2) For Year 2, the cost of each port would still be
$15,000 and the cost for the pedestals attributable to
each port is still $500. The integral part property was
already placed in service in Year 1, and therefore, the
cost associated with that property is not allocated to
the Year 2 property. Therefore, in Year 2, if B does
not meet the PWA requirements, B’s section 30C
credit for each single item is $930 ($15,500 × 6%),
and the amount of B’s total Year 2 section 30C credit
is $18,600 ($930 × 20). If B meets the PWA require-
ments, B’s section 30C credit for each single item is
$4,650 ($15,500 × 30%), and B’s total Year 2 section
30C credit is $93,000 ($4,650 × 20).
(6) Example 6—(i) Facts. The facts are the
same as paragraph (e)(4) of this section (Example
4), except that B begins construction and incurs
$100,000 of costs related to the installation of the
chargers in Year 1, but no property is placed in ser-
vice until Year 2.
(ii) Analysis. There is no section 30C credit for
Year 1 because no 30C property has been placed in
service. The 30C property is placed in service in Year
2. In Year 2, the section 30C credit is the same as
the Year 1 credit in paragraph (e)(4) of this section
(Example 4).
(7) Example 7—(i) Facts. The facts are the
same as paragraph (e)(4) of this section (Example
4), except that instead of installing 20 DCFCs, B
installs 10 DCFCs, with 2 charging ports each, and
10 AC Level 2 chargers (AC chargers), also with 2
charging ports each. Each AC Level 2 charger costs
$10,000. Each DCFC charger still costs $30,000. B
also installs a pedestal to support each AC charger,
which costs $1,000 each.
(ii) Analysis—(A) 30C property. The analysis for
the DCFCs pedestals, electric panel, conduit/wiring,
and smart charge management system is the same
as in Example 4 of this paragraph (e). Additionally,
the AC chargers also constitute 30C property under
§1.30C-1(b)(1). Each AC charger and each pedestal
is functionally interdependent with the respective
charging ports with which they are associated (and
these properties together constitute recharging prop-
erty under §1.30C-1(b)(1)(i)(B)) and the electric
panel, the conduit/wiring property, and the smart
charge management system constitute integral parts
of all of the DCFC ports and AC charger charging
ports under §1.30C-1(b)(1)(ii) and (b)(15). The AC
chargers also meet the other requirements of §1.30C-
1(b)(1)(iii) because they are subject to an allowance
for depreciation, the original use of the properties
begins with B, and are placed in service (as defined
in paragraph (b)(6) of this section) in an eligible cen-
sus tract as described in paragraph (c) of this section.
(B) Calculation of the credit. (1) Under para-
graph (b)(1)(i) of this section, each of the 20
DCFC charging ports and each of the 20 AC char-
ger charging ports constitutes a separate item of
30C property for purposes of calculating the credit.
Additionally, under paragraph (b)(2)(i) of this sec-
tion, each charger (excluding its respective ports)
and each pedestal, electrical panel, and the conduit/
wiring are all associated property that is directly
attributable to and traceable associated property
with respect to their respective charging ports. Fur-
ther, the electric panel, the conduit/wiring, and the
smart charge management system are associated
property directly attributable and traceable to more
than one single item of 30C property, as described in
paragraph (b)(2)(ii) of this section, because they are
not directly attributable and traceable to any single
charging port.
(2) Under paragraph (b)(3) of this section, B’s
tentative section 30C credit for each single item
of 30C property (each charging port) is the sum of
the cost of that single item of 30C property (each
charging port), the cost of directly attributable and
traceable associated property, and the ratable share
of the cost of other associated property multiplied by
the applicable percentage as described in paragraph
(a)(2) of this section (6% or 30%, depending on
whether the PWA requirements are satisfied).
(3) B should therefore calculate a separate sec-
tion 30C credit for each single item of 30C property
(that is, each of the 20 DCFC charging ports and
each of the 20 AC charger charging ports). Because
each of the 10 DCFCs costs $30,000 and each has
2 charging ports, the cost of each DCFC port is
$15,000 ($30,000 ÷ 2). Similarly, because each of
the 10 AC chargers costs $10,000 and each has 2
charging ports, the cost of each AC charger charging
port is $5,000 ($10,000 ÷ 2). To calculate the credit,
B should add the cost of the charging port ($15,000
for the DCFC ports and $5,000 for the AC charger
charging ports) to the allocable costs of the associ-
ated properties. Because each pedestal costs $1,000
and supports a single charger that has 2 ports, the
cost attributable to each port (both the DCFC and AC
charger charging ports) is $500 ($1,000 ÷ 2). With
respect to the properties whose costs are not directly
attributable and traceable to any single port, B must
allocate their costs according to each port’s ratable
share of B’s total cost for the 40 ports. Because
the 20 DCFC ports cost a total of $300,000 (20 ×
$15,000) and the 20 AC charger charging ports cost
only $100,000 in total (20 × $5,000), B should allo-
cate 75% of these costs to the 20 DCFC ports and
25% of these costs to the AC charger charging ports.
Therefore, $1,875 (($50,000 × 75%) ÷ 20) of the
cost of the electric panel and conduit/wiring is attrib-
utable to each of the 20 DCFC charging ports, and
$625 (($50,000 × 25%) ÷ 20) is attributable to each
of the 20 AC charger ports. Similarly, the cost of the
smart charge management system is allocated in the
same ratio, with $937.50 (($25,000) × 75%) ÷ 20)
allocated to each DCFC port, and $312.50 (($25,000
× 25%) ÷ 20) to each AC charger charging port.
(4) Accordingly, If B does not meet the PWA
requirements, B’s tentative section 30C credit for
each DCFC port is $18,312.50 ($15,000 + $500 +
$1875 + $937.50) multiplied by the 6% applicable
rate, which equals $1,098.75, and the section 30C
credit for each AC charger charging port is $6,437.50
($5,000 + $500 + $625 + $312.50) multiplied by
the 6% applicable rate, which equals $386.25.
Because both $1,098.75 and $386.25 are less than
the $100,000 credit limit for depreciable property
under paragraph (a)(4)(i)(A) of this section, the
final section 30C credit for each DCFC port is also
$1,098.75, and the final section 30C credit for each
AC charger charging port is also $386.25. B’s total
section 30C credit is $29,700 ($21,975 + $7,725), the
sum of the section 30C credit for each charging port
that B placed in service ($1,098.75 × 20) + ($386.25
× 20) in the taxable year.
(5) If B meets the PWA requirements, B’s ten-
tative section 30C credit for each DCFC port is
$18,312.50 multiplied by the increased applicable
percentage (30%) under paragraph (b)(3)(i) of this
section, which equals $5,493.75, and its tentative
section 30C credit for each AC charger charging
port is $6,437.50 multiplied by 30%, or $1,931.25.
Because both $5,493.75 and $1,931.25 are less than
the $100,000 credit limit for depreciable property
under paragraph (a)(4)(i)(A) of this section, the
final section 30C credit for each DCFC port is also
$5,493.75 and the final section 30C credit for each
AC charger charging port is also $1,931.25. B’s total
section 30C credit is $148,500, the sum of the sec-
tion 30C credit for the 20 DCFC ports that B placed
in service ($5,493.75 × 20 = $109,875) plus the
sum of the section 30C credit for the 20 AC charger
charging ports that B placed in service ($1,931.25 ×
20 = $38,625) during the taxable year. The fact that
this total credit exceeds the $100,000 limit is not rel-
evant because section 30C(b)(1) and paragraph (a)
(4)(i)(A) of this section provide that the $100,000
limit applies on a per-item basis and not as an aggre-
gate limit.
(8) Example 8—(i) Facts. The facts are the same
as paragraph (e)(4) of this section (Example 4),
except that B spends $100,000 improving the land
(for example, grading the land, installing a drainage
system, and installing a paved surface). B also spends
$15,000 on fees related to permitting improvements
to the land. Finally, B spends $5,000 on “EV parking
only” signs and striping on the pavement needed for
the EV to access the charger.
(ii) Analysis. The costs for improving the land,
associated permitting fees, and signs and striping are

October 7, 2024 780 Bulletin No. 2024–41
not 30C property because such costs are not func-
tionally interdependent with the chargers or an inte-
gral part of the chargers. See §1.30C-1(b)(14) and
(15). Therefore, the costs that B incurred to improve
the land, to add the signage, and to stripe the pave-
ment would not change the amount of the section
30C credit that B may claim.
(9) Example 9—(i) Facts. The facts are the
same as paragraph (e)(4) of this section (Example
4), except that B also installs and places in service
a battery energy storage system as a backup source
of electricity during power outages and to moderate
electricity pricing. The battery energy storage system
receives, stores, and delivers energy for conversion
to electricity, and is located on the same or immedi-
ately adjacent physical address as the chargers and
charging ports. The battery storage system is only
used to support the chargers and does not provide
electricity for any other purpose. The battery energy
storage system costs $20,000.
(ii) Analysis—(A) 30C property. The battery
energy storage system constitutes 30C property
under §1.30C-1(b)(1)(i)(B) because it is for the
recharging of motor vehicles, (specifically, it is
an electrical energy storage property described
in §1.30C-1(25)(iii)), and it is located at the point
where motor vehicles are recharged under §1.30C-
1(b)(16)(ii) because its located on the same or imme-
diately adjacent physical address as B’s chargers.
(B) Calculation of the credit. (1) The battery
energy storage system is a single item of 30C prop-
erty under paragraph (b)(1)(iii) of this section, and
it constitutes a separate single item of 30C property
from B’s charging ports and the properties associated
with the charging ports. Therefore, B should calcu-
late the section 30C credit for the battery storage sys-
tem separately from its credit arising from its costs
for these other properties. B also should not allocate
the cost of the battery energy storge system among
the charging ports.
(2) Accordingly, if B does not meet the PWA
requirements, B’s tentative section 30C credit for
the battery energy storage system is $1,200 ($20,000
× 6%). Because this $1,200 amount is less than the
$100,000 credit limit for depreciable property under
paragraph (a)(4)(i)(A) of this section, the final sec-
tion 30C credit for the battery energy storage system
is also $1,200. If B meets the PWA requirements, B’s
tentative section 30C credit for the battery energy
storage system is $6,000 ($20,000 × 30%). Because
this $6,000 amount is less than the $100,000 credit
limit for depreciable property under paragraph (a)(4)
(i)(A) of this section, the final section 30C credit for
the battery energy storage system is also $6,000. It
would not be relevant if B claimed $100,000 or more
in section 30C credits for other items of 30C prop-
erty because section 30C(b)(1) and paragraph (a)(4)
(i)(A) of this section provide that the $100,000 limit
applies on a per-item basis and not as an aggregate
limit.
(3) If B claims a section 30C credit for the bat-
tery energy storage system, this would render such
storage property to be primarily used in the trans-
portation of goods or individuals and not for the pro-
duction of electricity. As a result, the property would
not satisfy the requirements under section 48 or 48E.
(10) Example 10—(i) Facts. The facts are the
same as paragraph (e)(4) of this section (Example 4),
except that B participates in a local electric company
incentive program. The electric company installs the
electric panel, conduit/wiring, and load management
system, for which the electric company retains own-
ership.
(ii) Analysis—(A) 30C property. The DCFCs,
pedestals, electric panel, conduit/wiring, and the
smart charge management system all constitute 30C
property, as explained in the analysis under para-
graph (e)(4) of this section (Example 4). However, B
does not own the electric panel, conduit/wiring, and
load management system, and, as a result, may not
include the cost of that property in calculating B’s
section 30C credit. B would only calculate the credit
based on the 30C property the taxpayer owns, which
is the DCFCs and pedestals. The electric company
that owns the electric panel, conduit/wiring, and
load management system cannot claim a section 30C
credit for such property because it does not own the
charging ports and therefore does not own a single
item of 30C property, which is necessary to claim a
section 30C credit. See paragraph (b)(1) of this sec-
tion.
(B) Calculation of the credit. (1) Under para-
graph (b)(3) of this section, B’s tentative section
30C credit for each single item of 30C property
(each charging port) is the sum of the cost of that
single item of 30C property (each charging port), the
cost of directly attributable and traceable associated
property, and the ratable share of the cost of other
associated property multiplied by the applicable
percentage as described in paragraph (a)(2) of this
section (6% or 30%, depending on whether the PWA
requirements are satisfied).
(2) To calculate the credit for each single item
of 30C property (each of the 40 charging ports) B
would add the cost of each charging port ($15,000
($30,000 ÷ 2)) to the cost ($500 ($1,000 ÷ 2)) of
directly attributable and traceable associated prop-
erty (that is, the respective pedestal). The sum of
these costs is $15,500 for each charging port. If B
does not meet the PWA requirements, B’s tentative
section 30C credit for each charging port is $15,500
multiplied by the applicable percentage (6% under
paragraph (b)(3)(i)) of this section), which equals
$930 per single item. Because this $930 amount is
less than the $100,000 credit limit for depreciable
property under paragraph (a)(4)(i)(A) of this section,
the final section 30C credit for each charging port is
$930. The total section 30C credit for B, if B does
not meet the PWA requirements is $37,200 ($930 ×
40).
(3) If B meets the PWA requirements, B’s ten-
tative section 30C credit for each charging port
is $15,500 multiplied by the increased applicable
percentage (30%), which equals $4,650 per single
item. B’s total section 30C credit, in this example, is
$186,000 ($4,650 × 40). The fact that this total credit
exceeds the $100,000 limit is not relevant because
section 30C(b)(1) and paragraph (a)(4)(i)(A) of this
section provide that the $100,000 limit applies on a
per-item basis and not as an aggregate limit.
(11) Example 11—(i) Facts. The facts are the
same as paragraph (e)(4) of this section (Example 4),
except that B engages with a local utility company
providing charging services that installs the 30C
property described in paragraph (e)(4) (Example 4)
at the same physical address in the same taxable year
at the utility company’s expense, for which the utility
company retains ownership.
(ii) Analysis. As the owner of the 30C property,
the local utility company, and not B, would be eligi-
ble for a section 30C credit for such property, assum-
ing all other statutory and regulatory requirements
are met. The remainder of the analysis is the same as
set forth in paragraph (e)(4) of this section (Example
4).
(12) Example 12—(i) Facts. C owns a gasoline
station. C decides to add retail hydrogen fueling
capability to its existing gasoline station to facili-
tate the refueling of hydrogen fuel cell vehicles. C
installs a bulk hydrogen storage tank ($900,000),
cryogenic pumps ($5,000,000), evaporators associ-
ated with bulk storage ($700,000), cascade storage
system ($1,300,000), electrical supply equipment
used only for the hydrogen equipment ($150,000),
a high-conductivity concrete pad (necessary to pre-
vent static discharge during fueling), firewalls, and
piping (collectively, $550,000) and two hydrogen
dispensers ($160,000 each) which include the dis-
pensing control valves, connection hoses, hydrogen
meters, and nozzles. All property is owned by C and
is located at the point of refueling, meaning it is at
the same or immediately adjacent physical address.
All costs include labor costs. The property is prop-
erty of a character subject to depreciation. All prop-
erty is placed in service in the year it is installed, in
an eligible census tract as described in paragraph (c)
of this section.
(ii) Analysis—(A) 30C property. The bulk
hydrogen storage tank, cryogenic pumps, evapora-
tors, cascade storage system, electrical supply equip-
ment, high-conductivity concrete pad, firewalls, pip-
ing, and two hydrogen dispensers are 30C property
under §1.30C-1(b)(1). The cryogenic pumps and
electrical supply equipment are functionally inter-
dependent with the cascade high-pressure storage
tank under §1.30C-1(b)(1)(i)(A) and (b)(14). The
high-conductivity concrete pad, firewalls, and pip-
ing are functionally interdependent property with the
dispensers, also under §1.30C-1(b)(1)(i)(A) and (b)
(14). Collectively, this property is refueling property
under §1.30C-1(b)(1)(i)(A). The evaporators are
an integral part associated with the bulk hydrogen
storage tank under §1.30C-1(b)(1)(i)(B) and (b)(15).
The hydrogen storage system, cryogenic pumps,
evaporators, cascade storage system, electrical sup-
ply equipment, high-conductivity concrete pad,
firewalls, piping, and two hydrogen fuel dispensers
meet the other requirements of §1.30C-1(b)(1)(iii)
because the properties are each subject to an allow-
ance for depreciation, the original use of the prop-
erties begins with C, and the properties are placed
in service in an eligible census tract as described in
paragraph (c) of this section.
(B) Calculation of the credit. (1) The bulk hydro-
gen storage tank system and the cascade high-pres-
sure storage system are each qualified alternative
fuel storage property and each is a single item of 30C
property under §1.30C-1(b)(1) and paragraph (b)(1)
of this section. Although the cascade high-pressure
storage system is comprised of multiple storage
tanks, the system is treated as a single item of alter-
native fuel storage property. The dispensers are each
single items of 30C property pursuant to §1.30C-1(b)
(1) and paragraph (b)(1) of this section.

Bulletin No. 2024–41 781 October 7, 2024
(2) Under paragraph (b)(3) of this section, the
tentative section 30C credit for the bulk hydrogen
storage tank is the sum of the cost of the bulk hydro-
gen storage tank plus the cost of the evaporators (that
is, the only associated property that is directly attrib-
utable and traceable to the bulk hydrogen storage
tank), multiplied by the applicable percentage (6%
or 30%, depending on whether the PWA require-
ments are satisfied) pursuant to section 30C(a).
Therefore, the tentative section 30C credit for the
bulk hydrogen storage tank is $96,000 (($900,000 +
$700,000) × 6%) if the PWA requirements are not
met, or $480,000 (($900,000 + $700,000) × 30%) if
the PWA requirements are met. Under paragraph (b)
(3) of this section, the section 30C credit for the bulk
hydrogen storage tank, after applying the $100,000
limitation in paragraph (a)(4)(i)(A) of this section,
is $96,000 if the PWA requirements are not met, or
$100,000 if the PWA requirements are met.
(3) Under paragraph (b)(3) of this section, the
costs taken into account in calculating the tentative
section 30C credit for the cascade high-pressure
storage system include the costs of any associated
property that is directly attributable and traceable to
the cascade high-pressure storage system, or a rat-
able share of the costs if the associated property if it
is directly attributable and traceable to more than one
item of property. The functionally interdependent
property associated with the cascade high-pressure
storage tank (that is, the cryogenic pumps and elec-
trical supply equipment) is directly attributable and
traceable to the cascade high-pressure storage system
and no other item of property. Therefore, the tenta-
tive section 30C credit for the cascade high-pressure
storage system is the sum of the costs of the cascade
storage system and cryogenic pumps, and electri-
cal supply equipment ($1,300,000 + $5,000,000
+ $150,000), multiplied by the applicable percent-
age (6% or 30%, depending on whether the PWA
requirements are satisfied). Therefore, the tentative
section 30C credit for the cascade high-pressure stor-
age system is $387,000 (($1,300,000 + $5,000,000
+ $150,000) × 6%) if the PWA requirements are not
met, or $1,935,000 (($1,300,000 + $5,000,000 +
$150,000) × 30%) if the PWA requirements are met.
Under paragraph (b)(3) of this section, the section
30C credit for the cascade high-pressure storage sys-
tem, after applying the $100,000 limitation in para-
graph (a)(4)(i)(A) of this section, is $100,000 if the
PWA requirements are not met, or $100,000 if the
PWA requirements are met.
(4) The high-conductivity concrete pad, fire-
walls, and piping are functionally interdependent
with the fuel dispensers; thus, the high-conductivity
concrete pad, firewalls, and piping are associated
property under paragraph (b)(2) of this section with
respect to the dispensers. Because the high-conduc-
tivity concrete pad, firewalls, and piping are directly
attributable and traceable to both fuel dispensers and
no other single item of 30C property, half of the costs
are allocated to each dispenser under paragraph (b)
(2)(ii) of this section. Therefore, under paragraph (b)
(3) of this section, the tentative section 30C credit
for each fuel dispenser is the sum of the cost of
each the hydrogen dispenser and half the cost of the
high-conductivity concrete pad, firewalls, and piping
are multiplied by the applicable percentage (6% or
30%, depending on whether the PWA requirements
are satisfied). Therefore, the tentative section 30C
credit for each fuel dispenser is $26,100 ($160,000
+ ($550,000 ÷ 2) × 6%) if the PWA requirements
are not met, or $130,500 (($160,000 + ($550,000 ÷
2)) × 30%) if the PWA requirements are met. Under
paragraph (b)(3) of this section, the final section
30C credit for each fuel dispenser, after applying the
$100,000 limitation in paragraph (a)(4)(i)(A) of this
section, is $26,100 if the PWA requirements are not
met, or $100,000 if the PWA requirements are met.
(5) If C does not meet the PWA requirements, C’s
total section 30C credit for the year is $96,000 for
the bulk hydrogen storage tank, plus $100,000 for
the cascade high-pressure storage tank, plus $26,100
for each fuel dispenser, for a total of $248,200. If C
meets the PWA requirements, C’s total section 30C
credit for the year is $100,000 for the bulk hydro-
gen storage tank, plus $100,000 for the cascade
high-pressure storage tank, plus $100,000 for each
fuel dispenser, for a total of $400,000. The fact that
this total credit exceeds the $100,000 limit is not rel-
evant because section 30C(b)(1) and paragraph (a)
(4)(i)(A) of this section provide that the $100,000
limit applies on a per-item basis and is not an aggre-
gate limit.
(13) Example 13—(i) Facts. G installs a time-
fuel compressed natural gas (CNG) station to refuel
its fleet of heavy-duty CNG trucks at a central lot
near its warehouse. The station has 10 fuel dispens-
ers. From the existing utility gas meter, G installs
a gas line, dryer, filter, and gas compressor, which
costs $300,000. The gas compressor flows to buffer
storage, which costs $100,000. The buffer storage
flows through a temperature compensation unit,
which costs $50,000, before flowing through to the
dispensers, which dispense the CNG. Each fuel dis-
penser is capable of fueling at or above the dispens-
er’s minimum rate of fueling, and has one hose and
nozzle, which costs $10,000 per fuel dispenser. All
property is owned by G and is located at the point of
refueling, meaning it is on the same or immediately
adjacent physical address. All costs include labor
costs. The address where G installs these properties
is located in an eligible census tract as described in
paragraph (c) of this section.
(ii) Analysis—(A) 30C property. The gas line,
dryer, filter, gas compressor, buffer storage, tempera-
ture compensation unit, and fuel dispensers are 30C
property pursuant to §1.30C-1(b)(1) and paragraph
(b)(1) of this section. The gas line, dryer, filter, gas
compressor, and temperature compensation unit are
functionally interdependent with the dispensers pur-
suant to §1.30C-1(b)(14). Together, these items of
property constitute refueling property under §1.30C-
1(b)(1)(i)(A). Each fuel dispenser, the gas line, dryer,
filter, gas compressor, buffer storage, and tempera-
ture compensation unit, all meet the other require-
ments of §1.30C-1(b)(1)(iii) because the properties
are each subject to an allowance for depreciation,
the original use of the properties begins with G, and
the properties are placed in service (as described in
paragraph (b)(6) of this section) in an eligible census
tract as described in paragraph (c) of this section.
(B) Calculation of the credit. (1) Each fuel dis-
penser is a single item of 30C property pursuant to
paragraph (b)(1)(ii) of this section and §1.30C-1(b)
(12). The gas line, dryer, filter, gas compressor, and
temperature compensation unit are each associated
property pursuant to paragraph (b)(2) of this section,
and their cost is allocated ratably to each dispenser
(($300,000 + $50,000) ÷ 10 = $35,000). The buffer
storage is a single item of 30C property pursuant to
§1.30C-1(b)(1) and paragraph (b)(1) of this section.
(2) If G does not meet the PWA requirements,
under paragraph (b)(3)(i) of this section, the tentative
section 30C credit for each fuel dispenser is the sum
of the cost of that single item of 30C property (that is,
the fuel dispenser) ($10,000) and the ratable share of
the cost of other associated property ($35,000) mul-
tiplied by the applicable percentage (6%), or $2,700,
(($10,000 + $35,000) × 6% = $2,700). The tentative
section 30C credit for the cost of the buffer storage is
the cost of the buffer storage multiplied by the appli-
cable percentage (6%) or $6,000 ($100,000 × 6% =
$6,000). Under paragraph (b)(3) of this section, after
applying the $100,000 limitation in paragraph (a)(4)
(i)(A) of this section, if the PWA requirements are
not met, the final section 30C credit for each fuel dis-
penser is $2,700 and the final section 30C credit for
the buffer storage is $6,000. The total section 30C
credit is $33,000 (($2,700 × 10) + $6,000)).
(3) If G meets the PWA requirements, the ten-
tative section 30C credit under paragraph (b)(3) of
this section for each dispenser is $13,500, (($10,000
+ $35,000) × 30% = $13,500). The tentative sec-
tion 30C credit for the buffer storage is $30,000
($100,000 × 30% = $30,000). Under paragraph (b)
(3) of this section, after applying the $100,000 lim-
itation in paragraph (a)(4)(i)(A) of this section, if
the PWA requirements are met, the final section 30C
credit for each fuel dispenser is $13,500 and the final
section 30C credit for the buffer storage is $30,000.
The total section 30C credit is $165,000 (($13,500
× 10) + $30,000)). The fact that this total credit
exceeds the $100,000 limit is not relevant because
the $100,000 limit applies on a per-item basis and is
not an aggregate limit.
(14) Example 14—(i) Facts. The facts are the
same as paragraph (e)(13) of this section (Example
13), except that G also installs a local utility line
($400,000) and gas utility meter ($5,000) to service
its CNG refueling station. The portion of cost of the
local utility line on the same or immediately adjacent
physical address as the CNG dispensers is $100,000.
The gas utility meter is also on the same or immedi-
ately adjacent physical address as the CNG dispens-
ers. All property is owned by G. All costs include
labor costs. Each of the above properties is property
of a character subject to depreciation and is placed
in service at the time it is installed. The physical
address where G installs a portion of the local utility
line and gas utility meter is located in an eligible cen-
sus tract as described in paragraph (c) of this section.
(ii) Analysis—(A) 30C property. The portion of
the local utility line that is on the same or immedi-
ately adjacent physical address as the CNG dispens-
ers and gas utility meter are 30C property pursuant
to §§1.30C-1(b)(1) and paragraph (b)(1) of this sec-
tion. The portion of the local utility line that is on
the same or immediately adjacent physical address
as the CNG dispensers is located at the point of refu-
eling under §1.30-1(b)(16). (The remaining portion
is not located at the point of refueling and is therefore
not 30C property.) The gas meter is also located at
the point of refueling under §1.30-1(b)(16) because
it is on the same or immediately adjacent physical

October 7, 2024 782 Bulletin No. 2024–41
address as the CNG dispensers. Further, the portion
of the local utility line that is on the same or immedi-
ately adjacent physical address as the CNG dispens-
ers and the gas meter constitute integral part property
with respect to the fuel dispensers under §1.30C-1(b)
(15). Together with the gas line, dryer, filter, gas
compressor, and temperature compensation unit, the
utility line and the gas meter are refueling property
under §1.30C-1(b)(1)(i)(A).
(B) Calculation of the credit. (1) Each fuel dis-
penser is a single item of 30C property pursuant to
paragraph (b)(1)(ii) of this section and §1.30C-1(b)
(12). The local utility line and gas utility meter are
each associated property pursuant to paragraph (b)
(2) of this section. Their costs are allocated ratably to
each dispenser (($100,000 + $5,000) ÷ 10 = $10,500)
under paragraph (b)(2)(ii) of this section.
(2) If G does not meet the PWA requirements,
under paragraph (b)(3) of this section, the tentative
section 30C credit for each fuel dispenser is the
sum of the dispenser, the ratable cost of the gas line,
dryer, filter, the gas compressor and temperature
compensation unit, and the ratable share of the local
utility line and gas utility meter, multiplied by the
applicable percentage (6%), or $3,330, (($10,000 +
$35,000 + $10,500) × 6% = $3,330). The tentative
section 30C credit for the cost of the buffer storage is
$6,000 ($100,000 × 6% = $6,000). Under paragraph
(b)(3) of this section, after applying the $100,000
limitation in paragraph (a)(4)(i)(A) of this section,
if the PWA requirements are not met, the final sec-
tion 30C credit for each fuel dispenser is $3,330 and
the final section 30C credit for the buffer storage
is $6,000. The total section 30C credit is $39,330
(($3,330 × 10) + $6,000)).
(3) If G meets the PWA requirements, the tenta-
tive section 30C credit for each dispenser is $16,650,
(($10,000 + $35,000 + $10,500) × 30% = $16,650).
The tentative section 30C credit for the cost of
the buffer storage is $30,000 ($100,000 × 30% =
$30,000). Under paragraph (b)(3) of this section,
after applying the $100,000 limitation in paragraph
(a)(4)(i)(A) of this section, if the PWA requirements
are met, the final section 30C credit for each fuel dis-
penser is $16,650 and the final section 30C credit for
the buffer storage is $30,000. The total section 30C
credit is $196,500 (($16,650 × 10) + $30,000)). The
fact that this total credit exceeds the $100,000 limit is
not relevant because the $100,000 limit applies on a
per-item basis and is not an aggregate limit.
(15) Example 15—(i) Facts. W installs a refuel-
ing station that is used to refuel forklift trucks with
qualified alternative fuel.
(ii) Analysis. The refueling station is not 30C
property under §1.30C-1(b)(1) and paragraph (b)(1)
of this section. Section 1.30C-1(b)(1)(i)(A) requires
that 30C property must be used to store or dispense
qualified alternative fuel at the point where the fuel
is dispensed into the fuel tank of a “motor vehicle.”
Although a forklift truck occasionally may be oper-
ated on public roads, it is manufactured primarily
for hauling loads in factories, warehouses, and other
similar settings, and not for use on public streets,
roads, and highways. Therefore, a forklift truck is not
a “motor vehicle” for purposes of the section 30C
credit under §1.30C-1(b)(17).
(f) Claim requirements. A taxpayer claiming the
section 30C credit must attach a Form 8911, Alterna-
tive Fuel Vehicle Refueling Property Credit, or any
successor form required by the IRS, completed in
accordance with the form instructions, and file it with
the return on which the section 30C credit is claimed.
(g) Applicability date. This section
applies to property placed in service in
taxable years ending after [date of publi-
cation of final regulations in the Federal
Register].
Par. 3. Section 1.30C-3 is revised to
read as follows:
§1.30C-3 Rules relating to the
increased credit amount for prevailing
wage and apprenticeship.
(a) In general. If any qualified alter-
native fuel vehicle refueling project (as
defined by section 30C(g)(1)(B)) (30C
project) placed in service during the tax-
able year satisfies the requirements in
paragraph (b) of this section, the credit
determined under section 30C(a) for any
30C property of a character subject to an
allowance for depreciation that is part of
such 30C project is multiplied by five.
(b) 30C project requirements—(1)
In general. A 30C project satisfies the
requirements of this paragraph (b) if it is
one of the following—
(i) A project the construction of which
began prior to January 29, 2023; or
(ii) A project that meets the prevail-
ing wage requirements of section 45(b)
(7) of the Code and §1.45–7, the appren-
ticeship requirements of section 45(b)(8)
and §1.45–8, and the recordkeeping and
reporting requirements of §1.45-12, all
with respect to the construction of any 30C
property within the meaning of section 30C
and the section 30C regulations before such
30C property is placed in service.
(2) Determination of a project. Multi-
ple 30C properties will be treated as a sin-
gle 30C project if the items of property are
constructed and operated on a contiguous
piece of land, owned by a single taxpayer
(subject to the related taxpayer rule pro-
vided in paragraph (b)(3) of this section),
placed in service in a single taxable year,
and one or more of the following factors
is present:
(i) The properties are described in one
or more common environmental or other
regulatory permits;
(ii) The properties are constructed pur-
suant to a single master construction con-
tract; or
(iii) The construction of the proper-
ties is financed pursuant to the same loan
agreement.
(3) Related taxpayers—(i) Defini-
tion. For purposes of this section, the
term related taxpayers means members
of a group of trades or businesses that
are under common control (as defined in
§1.52-1(b)).
(ii) Related taxpayer rule. For pur-
poses of this section, related taxpayers
are treated as one taxpayer in determining
whether multiple properties are treated as
a 30C project with respect to which a sec-
tion 30C credit may be determined.
(c) Coordination with 30C(e)(2) and
§1.30C-4(c). If a person who sells 30C
property, the use of which is described in
section 50(b)(3) or (4) and which is not
subject to a lease, is treated as the tax-
payer that placed such property in service
under section 30C(e)(2), such person will
be treated as the taxpayer responsible for
satisfying the recordkeeping and reporting
requirements of §1.45-12.
(d) Examples. The following examples
illustrate the rules of this section.
(1) Example 1—(i) Facts. D owns and operates
electric charging stations. In Year 1, D places in ser-
vice five chargers, each with one charging port, on
Parcel 1. In the same year, D also places in service
three chargers, each with one charging port, on Par-
cel 2. Parcel 1 and Parcel 2 are a mile apart from
each other. D submits a single environmental permit
covering both charging stations and obtains financ-
ing pursuant to the same loan agreement. D meets the
requirements of section 30C(g) and this section (that
is, the PWA requirements) for the chargers installed
on Parcel 1 but does not meet the PWA requirements
for the chargers installed on Parcel 2. The chargers
installed on Parcel 1 and Parcel 2 are depreciable
property and meet all other requirements to be 30C
property.
(ii) Analysis. Under paragraph (b)(2) of this sec-
tion, the chargers placed in service on Parcel 1 are
treated as a separate 30C project from the chargers
placed in service on Parcel 2 because the proper-
ties are not on contiguous piece of land. Therefore,
under §1.30C-2(a)(2)(ii), D is eligible for a credit of
30 percent of the cost of the five chargers placed in
service on Parcel 1, but only 6 percent of the cost of
the three chargers placed in service on Parcel 2 under
§1.30C-2(a)(2)(i).
(2) Example 2—(i) Facts. The facts are the
same as paragraph (d)(1) of this section (Example
1), except that Parcel 1 and Parcel 2 are contiguous
pieces of land.
(ii) Analysis. Under paragraph (b)(2) of this sec-
tion, the chargers installed on Parcel 1 and Parcel 2
are treated as a single 30C project because they are
constructed on a contiguous piece of land, are owned,
and operated by a single taxpayer, placed in service
by a single taxpayer in a single year, described in a

Bulletin No. 2024–41 783 October 7, 2024
common environmental permit, and financed pursu-
ant to the same loan agreement. Therefore, because
D did not meet the PWA requirements with respect to
the chargers placed in service in parcel 2, D is eligi-
ble for only the 6 percent credit for both the parcel 1
and parcel 2 property under §1.30C-2(a)(2)(i).
(e) Applicability date. This section
applies to property placed in service in
taxable years ending after [date of publi-
cation of final regulations in the Federal
Register].
Par. 4. Section 1.30C-4 is added to
read as follows:
§1.30C-4 Special rules.
(a) No credit allowable in certain cir-
cumstance—(1) Property used outside
the United States. Except as provided in
paragraph (a)(2) of this section, pursuant
to sections 30C(e)(3) and 50(b)(1) of the
Code, no section 30C credit is allowable
with respect to any property placed in
service for use predominantly outside the
United States.
(2) Property placed in service in a
United States territory. Pursuant to sec-
tions 30C(e)(3), 50(b)(1) and 168(g)(4)
(G) of the Code, paragraph (a)(1) of this
section does not apply to 30C property
that is owned by a domestic corporation
or by a United States citizen (other than
a citizen entitled to the benefits of section
931 or 933 of the Code) and that is used
predominantly in a territory of the United
States by such a corporation or such a cit-
izen, or by a corporation created or orga-
nized in, or under the law of, a territory of
the United States.
(3) Section 179. No section 30C credit
is allowable with respect to the portion of
the cost of any property taken into account
under section 179 of the Code.
(b) Recapture—(1) In general. The
rules in this paragraph (b) provide for
recapturing the benefit of any allowable
section 30C credit with respect to any
property that ceases to be property eligible
for such credit. If a recapture event occurs
with respect to a taxpayer’s 30C property,
the taxpayer must include the recapture
amount in taxable income under chap-
ter 1 of the Code for the taxable year in
which the recapture event occurs (recap-
ture year).
(2) Recapture event. A recapture event
occurs if, within three years of the prop-
erty being placed in service–
(i) The taxpayer claiming the section
30C credit modifies the property such that
the property no longer qualifies as 30C
property;
(ii) Unless the property is subject to
section 6417(d)(2)(B) of the Code, the
depreciable property (other than appor-
tioned-use property) ceases to be used
predominantly in a trade or business (that
is, 50 percent or more of the use of the
30C property in a taxable year is for use
other than in a trade or business);
(iii) For apportioned-use property, the
30C property completely ceases to be
used in a trade or business, but continues
to be used for personal use; or
(iv) The taxpayer claiming the section
30C credit sells or disposes of the 30C
property and the taxpayer knows or has
reason to know that the property will be
used in a manner described in paragraph
(b)(2)(i) or (ii) of this section. Any other
sale or disposition (including a disposition
by reason of an accident or other casualty)
of 30C property is not a recapture event.
(3) Property placed in service in a loca-
tion that ceases to be in a qualified census
tract. 30C property is not subject to the
recapture provisions of this paragraph (b)
solely because it is placed in service in a
location that subsequently ceases to be in
a qualified census tract.
(4) Recapture amount—(i) In general.
The recapture amount is generally equal to
the benefit of the section 30C credit allow-
able multiplied by a fraction, the numera-
tor of which is three minus the number of
years prior to, but not including, the recap-
ture year, and the denominator of which
is three.
(ii) Special rule for apportioned-use
property. For purposes of the calculation
described in paragraph (b)(4)(i) of this
section with respect to apportioned-use
property, the benefit of the section 30C
credit is equal to the difference between
the credit claimed by the taxpayer and the
credit that would have been allowed if
the apportioned-use property were used
solely for personal use under §1.30C-
2(a)(2)(iii) (as limited by §1.30C-2(a)(4)
(i)(B)).
(5) Basis adjustment. As of the first
day of the recapture year, the basis of the
30C property is increased by the recap-
ture amount. For 30C property that is of
a character that is subject to an allowance
for depreciation, including property sub-
ject to section 6417(d)(2)(B), this increase
in basis is recoverable over its remaining
recovery period beginning as of the first
day of the taxable year in which the recap-
ture event occurs.
(c) Property used by a tax-exempt or
governmental entity—(1) In general.
Except as provided in paragraph (c)(2) of
this section, if a person sells 30C property,
the use of which is described in section
50(b)(3) or (4) (generally, property used
by certain tax-exempt organizations, gov-
ernmental entities, or foreign persons or
entities), such person or entity purchasing
the property uses the property as described
in section 50(b)(3) or (4), the property is
not subject to a lease, and the seller clearly
discloses to the person or entity using such
property in a document the amount of any
credit allowable under section 30C(a) with
respect to such property (determined with-
out regard to section 30C(d)) and that the
seller intends to claim such credit, then the
seller is treated as the taxpayer that placed
such property in service. For purposes
of section 30C(d), property to which this
paragraph (c)(1) applies will be treated as
of a character subject to an allowance for
depreciation.
(2) Interaction with section 6417. If the
person or entity using 30C property in a
manner that would otherwise be consid-
ered as described in section 50(b)(3) or (4)
notifies the seller in writing of an intent to
make an elective payment election pursu-
ant to section 6417(a) with respect to the
section 30C credit, then the use of the 30C
property is treated as not being described
in section 50(b)(3) or (4) for purposes
of paragraph (c)(1) of this section. As
a result, paragraph (c)(1) will not apply,
meaning that the seller will not be treated
as having placed the 30C property in ser-
vice and cannot claim any credit allowable
under section 30C(a) with respect to such
property. The section 30C credit will only
be allowed to one taxpayer for the same
30C property.
(d) Dual-use property—(1) Dual use
property used for dispensing or storing
qualified alternative fuel and conventional
fuel. In the case of dual-use property that
is used to store and/or dispense both quali-
fied alternative fuel and conventional fuel,
the cost of the dual-use property is taken
into account in computing a taxpayer’s

October 7, 2024 784 Bulletin No. 2024–41
section 30C credit only to the extent such
cost exceeds the cost of an equivalent con-
ventional refueling property. For purposes
of this paragraph (d)(1), equivalent con-
ventional refueling property is conven-
tional refueling property that is not used
to store and/or dispense qualified alterna-
tive fuel but is otherwise comparable to
the dual-use property and can store and/or
dispense the same amount of conventional
fuel as the dual-use property.
(2) Qualified alternative fuel storage.
In the case of dual-use property that is
used both to store qualified alternative
fuel that is dispensed into the fuel tanks of
motor vehicles at the location of the stor-
age facility and to store fuel that is trans-
ported to other locations, the cost of the
dual-use property is taken into account in
computing a taxpayer’s section 30C credit
only to the extent such cost exceeds the
cost of a storage facility that is equivalent
to the dual-use property except that it is
used for the sole purpose of storing qual-
ified alternative fuel that is transported
to other locations and can store the same
amount of qualified alternative fuel as the
dual-use property stores for transport to
other locations.
(3) Dual use property used to store or
transmit electricity for charging a motor
vehicle and for other purposes. In the case
of dual-use property that is used to store
or transmit electricity both to charge a
motor vehicle and for purposes other than
charging a motor vehicle, the cost of the
dual-use property is taken into account
in computing the section 30C credit only
to the extent such cost exceeds the cost
of equivalent property used for purposes
other than charging a motor vehicle.
(4) Example—(i) Facts. X, a qualified alterna-
tive fuel wholesaler and retailer, owns and operates
retail qualified alternative fuel filling stations. X
maintains a regional hub where it stores qualified
alternative fuel that it transports to its retail filling
stations, using tanker trucks, for sale to customers.
In 2024, X places in service a new storage tank
to store qualified alternative fuel and a new fuel
dispenser at its regional hub. X uses the new fuel
dispenser to fill the fuel tanks of its tanker trucks
(meaning it uses the fuel to power the tanker trucks
in addition to transporting the fuel to retail loca-
tions). Because the amount of fuel used to power
the tanker trucks is minimal compared to the fuel
transported to the retail locations, the storage tank
has the same capacity as the tank that would have
been used for the sole purpose of storing the quali-
fied alternative fuel that is supplied to X’s custom-
ers. X’s regional hub is in a non-urban area census
tract as described in §1.30C-2(c)(3).
(ii) Analysis. The storage tank and dispenser
are 30C property within the meaning of §1.30C-
1(b)(1). Specifically, they are refueling prop-
erty within the meaning of §1.30C-1(b)(1)(i)
(A) because they are used to store and dispense
qualified alternative fuel into the fuel tanks of
X’s fuel tanker trucks. Additionally, the storage
tank and dispenser meet the other requirements
under §1.30C-1(b)(1)(iii) because they are of a
character subject to an allowance for depreciation
(because X uses them in its trade or business), the
original use of the property began with X, and X
placed the property in service in an eligible census
tract. However, the storage tank is dual-use prop-
erty described in paragraph (d)(2) of this section
because it is used both to store qualified alternative
fuel that is dispensed into the fuel tanks of motor
vehicles at the location of the storage facility (that
is, the fuel used to power the tanker trucks) and
to store fuel that is transported to other locations.
Under paragraph (d)(2), the cost of the storage
tank is taken into account in computing the section
30C credit only to the extent that cost exceeds the
cost of the storage tank that would have been used
for the sole purpose of storing the qualified alter-
native fuel that is transported to X’s retail filling
stations. Because no increase in the capacity of the
storage tank is needed, none of the storage tank’s
cost is taken into account in computing the amount
of the section 30C credit.
(e) Applicability date. This section
applies to property placed in service in
taxable years ending after [date of publi-
cation of final regulations in the Federal
Register].
Par. 5. Section 1.48-9, as proposed to
be revised at 88 FR 82188 (November
22, 2023), is further amended by adding
paragraph (e)(10)(vi) to read as follows:
§1.48-9 Definition of energy property.
* * * * *
(e) * * *
(10) * * *
(vi) Property primarily used in the
transportation of goods or individuals
and not for the production of electricity.
Energy storage property is primarily used
in the transportation of goods or individ-
uals and not for the production of elec-
tricity, and therefore is not energy stor-
age technology eligible for the section 48
credit, if a credit is claimed under section
30C for such property.
* * * * *
Par. 6. Section 1.48E-0, as proposed to
be added at 89 FR 47792 (June 3, 2024),
is further amended by adding an entry for
§1.48E-2(g)(6)(iv), in numerical order, to
read as follows:
§1.48E-0 Table of contents.
* * * * *
§1.48E-2 Qualified investments in
qualified facilities and EST for purposes
of section 48E.
* * * * *
(g) * * *
(6) * * *
(iv) Property primarily used in the
transportation of goods or individuals and
not for the production of electricity.
* * * * *
Par. 7. Section 1.48E-2, as proposed to
be added at 89 FR 47792 (June 3, 2024), is
further amended by adding paragraph (g)
(6)(iv) to read as follows:
§1.48E-2 Qualified investments
in qualified facilities and EST for
purposes of section 48E.
* * * * *
(g) * * *
(6) * * *
(iv) Property primarily used in the
transportation of goods or individuals
and not for the production of electricity.
Energy storage property is primarily used
in the transportation of goods or individu-
als and not for the production of electricity,
and therefore is not EST eligible for the
section 48E credit, if a credit is claimed
under section 30C for such property.
* * * * *
Par. 8. Section 1.6417-0 is amended by
revising the entry for §1.6417-6(e) to read
as follows:
§1.6417-0 Table of contents.
* * * * *
§1.6417-6 Special rules.
* * * * *
(e) Applicability dates.
Par. 9. Section 1.6417-6 is amended
by:
1. Adding two sentences to the end of
paragraph (b)(1).

Bulletin No. 2024–41 785 October 7, 2024
2. Revising paragraph (e).
The addition and revision read as fol-
lows:
§1.6417-6 Special rules.
* * * * *
(b) * * *
(1) * * * For purposes of this paragraph
(b)(1), if an applicable credit is subject to
section 50, then section 50 applies without
regard to section 50(b)(3) and (b)(4)(A)(i).
If another provision of the Code contains
a basis reduction and/or recapture provi-
sion outside of section 50 that impacts the
available credit (such as sections 30C(e),
45Q(f)(4), and 48(a)(10)), then the rules
of that provision of the Code and the reg-
ulations issued under that provision of the
Code apply, except that any applicable
credit continues to be determined without
regard to section 50(b)(3) and (4)(A)(i)
and by treating any property with respect
to which such credit is determined as used
in a trade or business of the applicable
entity, consistent with section 6417(d)(2)
and §1.6417-2(c).
* * * * *
(e) Applicability dates—(1) In general.
Except as provided in paragraph (e)(2) of
this section, this section applies to taxable
years ending on or after March 11, 2024.
For taxable years ending before March 11,
2024, taxpayers, however, may choose
to apply the rules of §§1.6417-1 through
1.6417-4 and this section, provided the
taxpayers apply the rules in their entirety
and in a consistent manner.
(2) Paragraph (b)(1). The second and
third sentences of paragraph (b)(1) of this
section apply to property placed in service
in taxable years ending after [date of pub-
lication of final regulations in the Federal
Register].
Par. 10. Section 1.6418-0 is amended
under the heading §1.6418-5 by:
1. Redesignating the entries for (g)
through (j) as (h) through (k);
2. Adding new entry (g); and
3. Revising newly redesignated entry
(k).
The addition and revision read as fol-
lows:
§1.6418-0 Table of contents.
* * * * *
§1.6418-5 Special rules.
* * * * *
(g) Notification and impact of recap-
ture under section 30C(e)(5).
* * * * *
(k) Applicability dates.
Par. 11. Section 1.6418-5 is amended
by:
1. Revising paragraph (c).
2. Redesignating paragraphs (g)
through (j) as paragraphs (h) through (k),
respectively.
3. Adding new paragraph (g).
4. Revising newly redesignated para-
graph (k).
The revision and addition read as fol-
lows:
§1.6418-5 Special rules.
* * * * *
(c) Basis reduction rules—(1) Sec-
tion 50(c) basis reduction. In the case of
any transfer election under §1.6418-2 or
§1.6418-3 with respect to any specified
credit portion described in §1.6418-1(c)
(2)(ix) through (xi), section 50(c) will
apply to the applicable investment credit
property (as defined in section 50(a)(6)
(A)) as if such credit was allowed to the
eligible taxpayer.
(2) Section 30C(e)(1) basis reduction.
In the case of any transfer election under
§1.6418-2 or §1.6418-3 with respect to
any specified credit portion described
in §1.6418-1(c)(2)(i), section 30C(e)(1)
will apply to the 30C property as defined
in §1.30C-1(b)(1) as if such credit was
allowed to the eligible taxpayer.
* * * * *
(g) Notification and impact of recap-
ture under section 30C(e)(5)—(1) In
general. In the case of any election under
§1.6418-2 or §1.6418-3 with respect to
any specified credit portion described in
§1.6418-1(c)(2)(i), if, during any taxable
year, a recapture event as described in
§1.30C-4(b)(2) occurs with respect to a
30C property as defined in §1.30C-1(b)(1)
within three years of being placed in ser-
vice, such eligible taxpayer and the trans-
feree taxpayer must follow the notification
process in paragraph (g)(2) of this section
with recapture impacting the transferee
taxpayer as described in paragraph (g)(3)
of this section.
(2) Notification requirements. The
notification requirements for the eligible
taxpayer and the transferee taxpayer are
the same as for an eligible taxpayer and
transferee taxpayer that must report notice
of the occurrence of a recapture event
and notice of the recapture amount as
described in paragraphs (d)(2)(i) and (ii)
of this section, respectively, except that
the recapture amount that must be com-
puted is defined in §1.30C-4(b)(4).
(3) Impact of recapture—(i) Section
30C(e)(5) recapture event. The transferee
taxpayer is responsible for any amount of
tax increase under section 30C(e)(5) and
§1.30C-4(b)(4) upon the occurrence of a
recapture event under §1.30C-4(b), pro-
vided that if an eligible taxpayer retains
any amount of an eligible credit determined
with respect to 30C property directly held
by the eligible taxpayer, the amount of the
tax increase under section 30C(e)(5) and
§1.30C-4(b)(4) that the eligible taxpayer
is responsible for is equal to the recapture
amount multiplied by a fraction, the numer-
ator of which is the total credit amount
that the eligible taxpayer retained, and the
denominator of which is the total credit
amount determined for the eligible credit
property. The amount of the tax increase
under section 30C(e)(5) that the transferee
taxpayer is responsible for is equal to the
recapture amount multiplied by a fraction,
the numerator of which is the specified
credit portion transferred to the transferee
taxpayer, and the denominator of which is
the total credit amount determined for the
eligible credit property.
(ii) Impact of section 30C(e)(5) recap-
ture event on basis of 30C property held
by eligible taxpayer. The eligible taxpayer
must increase the basis of the 30C prop-
erty as defined in §1.30C-1(b)(1) (as of
the first day of the taxable year in which
the recapture event occurs) by an amount
equal to the recapture amount provided
to the eligible taxpayer by the trans-
feree taxpayer under paragraph (g)(2) of
this section and the recapture amount on
any credit amounts retained by the eligi-
ble taxpayer in accordance with section
30C(e)(5) and §1.30C-4(b).
* * * * *
(k) Applicability date—(1) In gen-
eral. Except as provided in paragraph (k)
(2) of this section, this section applies to
taxable years ending on or after April 30,

October 7, 2024 786 Bulletin No. 2024–41
2024. For taxable years ending before
April 30, 2024, taxpayers, however, may
choose to apply the rules of this section
and §§1.6418-1 through 1.6418-3 pro-
vided the taxpayers apply the rules in their
entirety and in a consistent manner.
(2) Paragraphs (c)(2) and (g). Para-
graphs (c)(2) and (g) of this section
apply to property placed in service in
taxable years ending after [date of publi-
cation of final regulations in the Federal
Register].
Douglas W. O’Donnell,
Deputy Commissioner.
(Filed by the Office of the Federal Register Septem-
ber 18, 2024, 8:45 a.m., and published in the issue
of the Federal Register for September 19, 2024, 89
FR 76759)

Bulletin No. 2024–41 i October 7, 2024
Definition of Terms
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”) that
have an effect on previous rulings use the
following defined terms to describe the
effect:
Amplified describes a situation where
no change is being made in a prior pub-
lished position, but the prior position is
being extended to apply to a variation of
the fact situation set forth therein. Thus,
if an earlier ruling held that a principle
applied to A, and the new ruling holds that
the same principle also applies to B, the
earlier ruling is amplified. (Compare with
modified, below).
Clarified is used in those instances
where the language in a prior ruling is
being made clear because the language
has caused, or may cause, some confu-
sion. It is not used where a position in a
prior ruling is being changed.
Distinguished describes a situation
where a ruling mentions a previously pub-
lished ruling and points out an essential
difference between them.
Modified is used where the substance
of a previously published position is being
changed. Thus, if a prior ruling held that a
principle applied to A but not to B, and the
new ruling holds that it applies to both A
and B, the prior ruling is modified because
it corrects a published position. (Compare
with amplified and clarified, above).
Obsoleted describes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transactions.
This term is most commonly used in a ruling
that lists previously published rulings that
are obsoleted because of changes in laws or
regulations. A ruling may also be obsoleted
because the substance has been included in
regulations subsequently adopted.
Revoked describes situations where the
position in the previously published ruling
is not correct and the correct position is
being stated in a new ruling.
Superseded describes a situation where
the new ruling does nothing more than
restate the substance and situation of a
previously published ruling (or rulings).
Thus, the term is used to republish under
the 1986 Code and regulations the same
position published under the 1939 Code
and regulations. The term is also used
when it is desired to republish in a single
ruling a series of situations, names, etc.,
that were previously published over a
period of time in separate rulings. If the
new ruling does more than restate the sub-
stance of a prior ruling, a combination of
terms is used. For example, modified and
superseded describes a situation where the
substance of a previously published ruling
is being changed in part and is continued
without change in part and it is desired to
restate the valid portion of the previously
published ruling in a new ruling that is
self contained. In this case, the previously
published ruling is first modified and then,
as modified, is superseded.
Supplemented is used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and that
list is expanded by adding further names
in subsequent rulings. After the original
ruling has been supplemented several
times, a new ruling may be published that
includes the list in the original ruling and
the additions, and supersedes all prior rul-
ings in the series.
Suspended is used in rare situations
to show that the previous published rul-
ings will not be applied pending some
future action such as the issuance of new
or amended regulations, the outcome of
cases in litigation, or the outcome of a
Service study.
Abbreviations
The following abbreviations in current
use and formerly used will appear in
material published in the Bulletin.
A—Individual.
Acq.—Acquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cumulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Cooperative.
Ct.D.
—Court Decision.
CY—County.
D—Decedent.
DC—Dummy Corporation.
DE—Donee.
Del. Order—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Employer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduciary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Foreign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Federal Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grantee.
GP—General Partner.
GR—Grantor.
IC—Insurance Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited Partner.
LR—Lessor.
M—Minor.
Nonacq.—Nonacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Personal Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Partnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Real Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsidiary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Transferee.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpayer.
TR—Trust.
TT—Trustee.
U.S.C.—United States Code.
X—Corporation.
Y—Corporation.
Z—Corporation.

October 7, 2024 ii Bulletin No. 2024–41
Numerical Finding List
1
Bulletin 2024–41
Announcements:
2024-26, 2024-27 I.R.B. 14
2024-27, 2024-27 I.R.B. 14
2024-28, 2024-28 I.R.B. 39
2024-29, 2024-29 I.R.B. 71
2024-31, 2024-34 I.R.B. 533
2024-32, 2024-35 I.R.B. 535
2024-30, 2024-36 I.R.B. 581
2024-39, 2024-39 I.R.B. 639
2024-34, 2024-41 I.R.B. 758
Notices:
2024-47, 2024-27 I.R.B. 1
2024-52, 2024-27 I.R.B. 2
2024-53, 2024-27 I.R.B. 4
2024-54, 2024-28 I.R.B. 24
2024-55, 2024-28 I.R.B. 31
2024-56, 2024-29 I.R.B. 64
2024-57, 2024-29 I.R.B. 67
2024-58, 2024-30 I.R.B. 120
2024-59, 2024-32 I.R.B. 348
2024-60, 2024-34 I.R.B. 515
2024-61, 2024-34 I.R.B. 520
2024-62, 2024-36 I.R.B. 570
2024-63, 2024-36 I.R.B. 573
2024-64, 2024-39 I.R.B. 632
2024-65, 2024-39 I.R.B. 633
2024-66, 2024-40 I.R.B. 682
2024-67, 2024-41 I.R.B. 726
2024-68, 2024-41 I.R.B. 729
2024-69, 2024-41 I.R.B. 733
Proposed Regulations:
REG-124593-23, 2024-28 I.R.B. 40
REG-109032-23, 2024-31 I.R.B. 332
REG-120137-19, 2024-31 I.R.B. 336
REG-119283-23, 2024-32 I.R.B. 351
REG-102161-23 2024-33 I.R.B. 502
REG-103529-23, 2024-33 I.R.B. 512
REG-105128-23, 2024-35 I.R.B. 536
REG-108920-24, 2024-38 I.R.B. 607
REG-111629-23, 2024-39 I.R.B. 640
REG-106851-21, 2024-40 I.R.B. 684
REG-116787-23, 2024-40 I.R.B. 709
REG-119683-22, 2024-40 I.R.B. 716
REG-118269-23, 2024-41 I.R.B. 761
Revenue Procedures:
2024-26, 2024-27 I.R.B. 7
2024-29, 2024-30 I.R.B. 121
2024-30, 2024-30 I.R.B. 183
Revenue Procedures:—Continued
2024-27, 2024-31 I.R.B. 300
2024-28, 2024-31 I.R.B. 326
2024-32, 2024-34 I.R.B. 523
2024-34, 2024-38 I.R.B. 604
2024-35, 2024-39 I.R.B. 638
2024-36, 2024-41 I.R.B. 737
2024-37, 2024-41 I.R.B. 755
Revenue Rulings:
2024-13, 2024-28 I.R.B. 18
2024-14, 2024-28 I.R.B. 18
2024-15, 2024-32 I.R.B. 340
2024-16, 2024-35 I.R.B. 534
2024-17, 2024-36 I.R.B. 568
2024-18, 2024-37 I.R.B. 584
2024-20, 2024-40 I.R.B. 646
2024-21, 2024-41 I.R.B. 724
Treasury Decisions:
10002, 2024-29 I.R.B. 56
9999, 2024-30 I.R.B. 72
10000, 2024-31 I.R.B. 185
10003, 2024-32 I.R.B. 342
10001, 2024-33 I.R.B. 412
10004, 2024-33 I.R.B. 489
9998, 2024-34 I.R.B. 412
10005, 2024-34 I.R.B. 510
9991, 2024-40 I.R.B. 646
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2024–27 through 2024–52 is in Internal Revenue Bulletin
2024–52, dated December 30, 2024.

Bulletin No. 2024–41 iii October 7, 2024
Finding List of Current Actions on
Previously Published Items
1
Bulletin 2024–41
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2024–27 through 2024–52 is in Internal Revenue Bulletin
2024–52, dated December 30, 2024.

Internal Revenue Service
Washington, DC 20224
Official Business
Penalty for Private Use, $300
INTERNAL REVENUE BULLETIN
The Introduction at the beginning of this issue describes the purpose and content of this publication. The weekly Internal Revenue
Bulletins are available at www.irs.gov/irb/.
We Welcome Comments About the Internal Revenue Bulletin
If you have comments concerning the format or production of the Internal Revenue Bulletin or suggestions for improving it,
we would be pleased to hear from you. You can email us your suggestions or comments through the IRS Internet Home Page
www.irs.gov) or write to the Internal Revenue Service, Publishing Division, IRB Publishing Program Desk, 1111 Constitution Ave.
NW, IR-6230 Washington, DC 20224.