APTA Hosts Webinar, Offers Guidebook on Inflation Reduction Act Tax Credits

APTA hosted a webinar aimed at guiding public transit agencies through the extensive tax credits available under the Inflation Reduction Act (IRA) Jan. 14. The webinar offered critical insights into maximizing these new clean energy incentives and is one piece of a suite of resources for APTA member agencies on claiming IRA tax credits.

APTA also provided attendees with a new Energy Tax Credits Guidebook to help members navigate through this subject. In addition, a series of six on-demand sessions describe various credits and parts of the tax return process. Five Excel toolkits provide agencies with an easy way to calculate their potential tax credits from projects.

The IRA “direct pay” provisions mark a historic shift, enabling transit agencies to capitalize on tax credits for investments in electric vehicles, charging infrastructure, alternative fuels, and renewable energy technologies. Previously, most agencies were unable to benefit from these tax credits due to their tax-exempt status.

“The Inflation Reduction Act opens unprecedented doors for public transportation to embrace clean energy solutions,” said APTA President and CEO Paul P. Skoutelas. “Our webinar, education modules, and Energy Credit Guidebook provide our members with comprehensive resources to navigate and maximize these tax benefits, fostering more sustainable and efficient public transportation across the nation.”

The interactive webinar gave a strategic overview of transit-specific tax credits, including detailed eligibility criteria and potential applications; and explored such topics as comprehensive qualification requirements, featuring real-world examples and implementation strategies; expert guidance on navigating the claims process, with insights into common challenges and solutions; among others.