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U.S. Treasury and IRS Set Out Procedures for Manufacturers and Sellers of Clean Vehicles

19 December 2022

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Approved Changes

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United States

The U.S. IRS has announced the issuance of Revenue Procedure 2022-42, setting out the procedures for manufacturers and sellers of clean vehicles to claim tax incentives. --- Treasury and IRS set out procedures for manufacturers, sellers of clean vehicles IR-2022-218, December 12, 2022 WASHINGTON — The Treasury Department and Internal Revenue Service today issued a Revenue Procedure setting out key processes for manufacturers and sellers of clean vehicles. These processes are required for vehicles to be eligible for one or more clean vehicle tax incentives, including tax credits for new and previously owned clean vehicles, as well as for commercial...