Past Event
Federal Electric School Bus Tax Credits 101 

Recording from the webinar:

Slides from webinar:

Download the webinar slides

Event description:

Please join WRI’s Electric School Bus Initiative for a free webinar about the newly available federal tax credits that can support the deployment of electric school buses. Federal incentives like the Qualified Commercial Clean Vehicles Credit (section 45W) and Alternative Fuel Refueling Property Credit (section 30C) under the Inflation Reduction Act can reduce the cost of a new electric school bus as well as charging infrastructure. School districts can access these incentives through the IRA’s elective pay mechanism, which provides a new and streamlined way for tax-exempt entities to access these tax credits.

Speakers will share background on the newly available tax credits, review eligibility for school districts, introduce the filing process and walk through sample scenarios. Join the Electric School Bus Initiative on Tuesday, June 11, 2024, 12 PM EST to learn how these credits can save school bus operators tens and even hundreds of thousands of dollars on school bus electrification.

Speakers include: 

  • Rachel McCleery, Senior Advisor, IRA Program, U.S. Department of Treasury

  • Natalia Akopian, Policy & Government Affairs Associate, World Resources Institute

  • Tim Farquer, Superintendent, Williamsfield Schools  

Register for the webinar

Disclaimer: This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, accounting or legal advice. This resource is a summary of final guidance on the elective pay provision released by the IRS on March 5, 2024. This guidance may be superseded by any changes made by the IRS upon further iterations of guidance.  Although every effort has been made to provide complete and accurate information, WRI makes no warranties, express or implied, to the accuracy of this summary and assumes no liability for its use. You are strongly encouraged to review the official IRS guidance or any subsequent versions of the guidance the IRS may issue.