NASEO Transportation Committee Webinar: IRA Tax Credit and Direct Pay Provisions for Electric Vehicles

June 12, 2024, 2:00 PM

Under the Inflation Reduction Act (IRA), entities including states, local governments, Tribal governments, and other tax-exempt organizations may elect for a direct payment in lieu of a tax credit under Section 6417. The IRA provides $380 billion in tax credits for entities to purchase electric vehicles (EVs) and EV charging equipment. Since State Energy Offices and other state agencies are eligible for the direct pay provisions for procuring EVs, many states are interested in taking advantage of these opportunities to transition their government fleets to electric.Please join the next NASEO Transportation Committee webinar to learn about the new direct pay provision and implications for State Energy Offices. On the webinar, Jason Prince of Giraffe Financial will discuss the specifics of the tax provisions including the process to file for direct pay or transfer tax credits as well as the practical considerations for states to transition public fleets to EVs. States are invited to ask questions and engage in a discussion after Jason's presentation. Please click here to register and contact Delaney Dixon (ddixon@naseo.org) with questions.