A G (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} anonymizer) wrote,@ 2005-08-25 12:58:00 |
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Since I just got into a small debate about hybrids - I felt sharing what I found about them recently. If you are thinking of buying a new hybrid and can wait a few months, there's a really nice change in tax laws that is becoming effecting Jan 1, 2006.
The current policy for hybrids allows for a Tax Deduction of $2000 for a purchase of a hybrid. (With retroactive tax adjustment if the purchase was in previous years) That results in about $300-$500 decrease in total taxes paid.
The new law presents anywhere from $250 (Chevy Pickup) to $3150 (Prius) Tax Credit. (Which means your total tax is smaller by that sum) This new law is effective Jan 1, so if you can wait, try to do so. (Analysis of different cars by ACEEE)
There are large number of local incentives. (I saw somewhere a much longer list - but this one seems to be fairly comrehensive. Though supposedly WA waives the tax on hybrids based on another place I can't find right now)
The current policy for hybrids allows for a Tax Deduction of $2000 for a purchase of a hybrid. (With retroactive tax adjustment if the purchase was in previous years) That results in about $300-$500 decrease in total taxes paid.
The new law presents anywhere from $250 (Chevy Pickup) to $3150 (Prius) Tax Credit. (Which means your total tax is smaller by that sum) This new law is effective Jan 1, so if you can wait, try to do so. (Analysis of different cars by ACEEE)
There are large number of local incentives. (I saw somewhere a much longer list - but this one seems to be fairly comrehensive. Though supposedly WA waives the tax on hybrids based on another place I can't find right now)
