EPA Clean School Bus Program – Overview of Tax Credits Applicable to School Buses

The Environmental Protection Agency (EPA) is hosting a webinar with the Department of the Treasury that will provide an overview of IRS Tax Credits that may be used in tandem with the Clean School Bus (CSB) Program, or separately for those who did not apply or did/do not win an EPA award. This is about Inflation Reduction Act (IRA) tax credits applicable to bus and infrastructure purchases; namely, the Commercial Clean Vehicle Credit that provides up to $40,000 for qualified commercial clean vehicles and the Alternative Fuel Vehicle Refueling Property Credit that provides up to $100,000 for qualified charging and refueling infrastructure. This is one in a series of webinars to assist EPA CSB applicants.

“Tax credits” can be used by non-taxed entities like schools and school systems because of the innovation called “direct pay” or “elective pay”. Eligible entities applying for an eligible credit can receive a cash reimbursement for part of their expenditure by filing a specific IRS form by the usual filing deadline (and prior pre-registration).

Please see the Internal Revenue Service (IRS) website for more information on these credits.

To register for the webinar, go to the EPA CSB “Zoom for government” page.