Note that the New Clean Vehicle Credit is the same as the Commercial Clean Vehicle Credit. See what Abraham Teitelbaum said earlier re; this
Just to clarify, are you referring to the state of Co 5,000 EV credit. See HERE under Subsection "Eligible purchasers and lessees".
It specifically mentions that only in an S corporation or partnership capacity, may the individual shareholder claim the credit, not a C corp. Thus registering the vehicle under her name and the S corp name would bear no effect.
"As far as the 7,500 IRS New Clean Vehicle credit is concerned, the same hold true. See HERE under Subsection Q2".
It is not clear from either publication as to how single member LLC would fall into the definition of partnership.
Then again, nowhere does it specifically mention that if he register the vehicle under both under his name and the llc
will his credit be adversely affected. Being the fact that an individual alone who is not associated with any busines is entitled to both the IRS and the Colorado credit and the restriction rests solely by the manufacturer to be registered in both names, I would venture to say that he would be entitled to both credits.
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