The Section 30C Alternative Fuel Vehicle Refueling Property Credit, a federal income tax credit, has undergone changes through amendments like the Inflation Reduction Act of 2022. The recent amendments introduced caps on eligible costs, location requirements, and certain wage and apprenticeship conditions to qualify for increased credit amounts. The U.S. Treasury Department and IRS have released Proposed Regulations on the Section 30C Credit to provide additional guidance on crucial aspects such as eligibility, definitions, and compliance. These regulations shed light on various elements, including the types of refueling properties that qualify, like electric vehicle charging stations and hydrogen refueling facilities. They also define a 'single item' of property, address functionally interdependent property, specify eligible census tracts, establish a recapture period, and outline compliance requirements for businesses seeking to claim the credit. While the Proposed Regulations offer a foundation for businesses to understand how they can qualify for and claim the credit, there is an acknowledgment that further guidance may be required to delve into implementation specifics and offer precise definitions of qualifying properties. This ongoing need for clarity highlights the importance of continued communication and support for businesses in navigating the Section 30C Credit and leveraging it effectively to support sustainable and environmentally friendly investments.