Notice 2012-54 - Updated guidance on qualified plug-in electric drive motor vehicle credit 

December 21:   Notice 2012-54 modifies earlier IRS guidance on qualified plug-in electric drive motor vehicle credit, by changing the address where a manufacturer or domestic distributor of a foreign manufacturer sends certifications and quarterly reports under Notice 2009-89.

Notice 2009-89 [PDF 35 KB] serves as interim guidance relating to the qualified plug-in electric drive motor vehicle credit under section 30D, for vehicles acquired after December 31, 2009, and sets forth procedures for a vehicle manufacturer (or, in the case of a foreign vehicle manufacturer, its domestic distributor) to certify to the IRS that:


  • A motor vehicle of a particular make, model, and model year meets certain requirements that must be satisfied to claim the new qualified plug-in electric drive motor vehicle credit under section 30D
  • The amount of the credit allowable with respect to that motor vehicle

Notice 2012-54 (which appears in an advance release of IRB 2012-52 [PDF 892 KB] dated December 27, 2012) provides that certifications pursuant to Notice 2009-89 are to be sent to:


Internal Revenue Service
Industry Director, LB&I, Retailers,
Food, Transportation & Healthcare
1901 West Butterfield Road
Suite 310 M/S 1902 WSB
Downers Grove, IL 60515




©2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

Subscribe

Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.


Email your contact information.

Other TaxNewsFlash publications

TaxNewsFlash-United States by year