Alternative Fuel and Advanced Vehicle Technology Research and Demonstration Bonds
Qualified state, tribal, and local governments may issue Qualified Energy Conservation Bonds subsidized by the U.S. Department of Treasury at competitive rates to fund capital expenditures on qualified energy conservation projects. Eligible activities include research and demonstration projects related to cellulosic ethanol and other non-fossil fuels, as well as advanced battery manufacturing technologies. Government entities may choose to issue tax credit bonds or direct payment bonds to subsidize the borrowing costs. For information on eligibility, processes, and limitations, see IRS Notices 2009-29, 2010-35, and 2012-44 or contact local issuing agencies. (Reference Public Law 115-409 and 26 U.S. Code 54D)
Agency: U.S. Internal Revenue Service
Enacted: Oct 3, 2008
Amended: Dec 22, 2017
Technologies: Biodiesel, Ethanol, EVs, Hydrogen Fuel Cells, Natural Gas, PHEVs, Propane (LPG)
See all Federal Laws and Incentives.