To promote alternate fuel cars, I suggest a $1,000 rebate to
everyone who buys such a car.

Tim Bruening, 3/15/2007,1:07:01 AM, wrote:

Wasn't there a tax credit similar to that until just recently?

On Mar 15, 1:07 am, Tim Bruening <tsbru... (AT) pop (DOT) dcn.davis.ca.us> wrote:
Why do you propose lowering the current US Federal tax credits for
AFVs?
http://www.fueleconomy.gov/feg/taxcenter.shtml

"Hachiroku ????" <Trueno (AT) AE86 (DOT) gts> wrote

When?

"Hachiroku ãƒ�ãƒ�ãƒ*ク" <Trueno (AT) AE86 (DOT) gts> wrote

Hybrids are not alternate fuel cars. They burn gasoline, just like my
Contour.

Jeff

Why in the world do you think the US government should take money from one
taxpayer like you, who may not even be in a position to buy a new car or
properly maintain their used car, and give it to another taxpayer to buy a
ANY vehicle that burns a fuel that is already heavily subsided, let alone
one made in another county, like the Pruis by a company like Toyota, that
does not pay a penny in US Corporate taxes?


"Hachiroku ????" <Trueno (AT) AE86 (DOT) gts> wrote

Hachiroku ??????????? <Trueno (AT) ae86 (DOT) gts> wrote:
It was around $3000 (depending on model) but later reduced to about $1500
where it stands (on a Prius anyway) until April. The Escape/Mariner hybrid
still has a $3000 credit, $2200 for 4WD. The federal income tax credit
on a Chevy Silverado 2WD hybrid is a whopping $250.

Our $1575 Prius credit was reduced by AMT to around $1300! No doubt due to
some boneheaded move by Congress. But I repeat myself.

"Mike Hunter" <mikehunt2 (AT) mailcity (DOT) com> wrote

So, are you suggesting that we should end the subsidies on gasoline?

And what exactly, are the subsidies you are talking about?

For income tax, don't the Toyota subsidies pay US income tax and state
income tax on the net income the sunsidies make? Those are US companies, but
owned by Toyota.

Jeff

On Mar 15, 1:33 pm, Bill Tuthill <ccree... (AT) yahoo (DOT) com> wrote:
$4000 is the cap for the alt fuel/hybrid tax credit available for
2006, with the actual amount depending on what vehicle, model year,
and date that you purchased your vehicle. (For previous years, it was
a cap of $2000 for a tax deduction.) See:
http://www.irs.gov/newsroom/article/...157557,00.html

But the OP was asking about Alt Fuel vehicles. Currently that's just
the Honda Civic GX, which gets the max available $4000 credit.
There's probably some other modified cars or low-production cars that
may also qualify... quoting from:
http://www.fueleconomy.gov/feg/tax_afv.shtml
<quote>
To be eligible for this tax credit, the vehicle must only be capable
of operating on any of the following alternative fuels:

Compressed natural gas (CNG)
Liquefied natural gas (LNG)
Liquefied petroleum gas (LPG)
Hydrogen
Any liquid at least 85% methanol by volume
</quote>

Note that flex-fuel (E85) and bi-fuel vehicles do not qualify.

Electric Vehicles do qualify, though, with certain other restrictions.
http://www.fueleconomy.gov/feg/tax_ev.shtml

mrv (AT) kluge (DOT) net wrote:
Okay, $1,000 in addition to current tax credits!