Treasury, IRS Release Proposed Regulations and Procedures for Clean Vehicle Credit Transfers

Tax attorneys Nicole Elliott, Mary Kate Nicholson and Amish Shah co-authored an article in the National Association of Dealer Counsel Newsletter discussing the U.S. Department of the Treasury and IRS' proposed regulations addressing the transfer of clean vehicle credits under Sections 25E and 30D of the Internal Revenue Code. The article provides an overview of the proposed regulations and revenue procedures related to making a transfer election, treatment of the tax credit transfer, registration requirements for dealers and details about advanced payments to dealers. 

READ: Treasury, IRS Release Proposed Regulations and Procedures for Clean Vehicle Credit Transfers (Article begins on page 9)