43-Hour Federal Qualifying Education 2025 – 400 Free Practice Questions to Pass the Exam

The statement that a business can only claim the credit one time is incorrect because the Commercial Clean Vehicle Credit is not limited to a single usage. Instead, businesses can claim the credit for each qualified vehicle they purchase, which means that as long as they acquire eligible vehicles in compliance with the program requirements, they can continue to benefit from the credit multiple times. This allows businesses to invest in additional clean vehicles and receive the associated tax benefits with each purchase, promoting a transition toward greener transportation options.

Other statements accurately reflect the provisions of the credit, such as the maximum credit amounts based on vehicle weight, the eligibility of both businesses and tax-exempt organizations, and the nonrefundable nature of the credit for businesses, which ensures businesses can only use it to offset tax liabilities owed, rather than receiving a direct refund.