Extension and enhancement of alternative fuel vehicle refueling property credit

(a) Extension Section 30C(i) of the Internal Revenue Code of 1986 is amended by striking June 30, 2026 and inserting December 31, 2031. (b) Enhancement (1) Elimination of eligible census tract requirement Section 30C(c) of the Internal Revenue Code of 1986 is amended by striking paragraph (3). (2) Vehicle charging equipment installed at a residence Section 30C(c) of the Internal Revenue Code of 1986, as amended by paragraph (1), is amended by adding at the end the following new paragraph: (3) Vehicle charging equipment installed at a residence In the case of an individual, with respect to any qualified alternative fuel vehicle refueling property which is— (A) installed on or in connection with a dwelling unit which is used as a residence by such individual, and (B) capable of charging the battery of a motor vehicle propelled by electricity, subsection (a) shall be applied by substituting 50 percent for 30 percent.. (c) Effective date The amendments made by this section shall apply to property placed in service after the date of enactment of this Act.