U.S. Senator Tom Carper and a group of senators are calling on the Biden administration to expand access to the 30C Alternative Fuel Vehicle Refueling Property Credit. The credit, which was extended in the Inflation Reduction Act, provides billions of dollars for eligible refueling infrastructure investments.

The senators are urging the U.S. Department of the Treasury and the Internal Revenue Service to finalize guidance and expand eligibility for the tax credit. They argue that the current threshold is too restrictive and propose recommendations that would cover an estimated 32 million additional people, including rural residents and people living in poverty.

In a letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, the senators also request the adoption of a temporary safe harbor in the guidance. This would protect taxpayers who have already installed infrastructure and minimize negative impacts on future investment and planning decisions.

"Effective implementation of Section 30C is critical to realizing the Administration’s goal of deploying 500,000 chargers by 2030 and facilitating the swift decarbonization of our transportation sector," the senators wrote.

The letter was signed by Senators Carper, Alex Padilla, Catherine Cortez Masto, and 11 other senators. It highlights the importance of expanding access to the tax credit in order to meet the administration's goals for clean transportation.

Senator Carper has been a strong advocate for improving and expanding the 30C tax credit. He introduced legislation in both 2020 and 2021 to achieve this goal and played a key role in securing the extension of the credit as part of the Inflation Reduction Act.

The full text of the letter can be found here.

For additional details, please follow this link: https://www.epw.senate.gov/public/index.cfm/press-releases-democratic?ID=791E6FCB-AC1B-4725-82A7-8C350BB95D20