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Hybrid tax credit shock


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Posted

Friday, March 07, 2008

CNN Money -- NEW YORK (CNNMoney.com) -- If you bought a hybrid vehicle last year, and you were counting on a tax credit, you may be in for a nasty surprise.

You should already know that if you bought a Toyota or Lexus hybrid after Oct. 1, 2007, it isn't eligible for a tax credit. Toyota sold more than 60,000 hybrid vehicles in the United States that were eligible for the full credit by the summer of 2006, so the government began phasing out tax incentives for the company's hybrids beginning in the fall of that year. By the fall of 2007, the credits were gone.

http://money.cnn.com/2008/03/07/pf/taxes...sion=2008030706

Posted

When did you buy your Lexus Neil?

May we be one so that the world may be won.
Christian from the cradle to the grave
I believe in Hematology.
 

Posted

When did you buy your Lexus Neil?

Don't I wish!....

Nope, still got my rattle trap of a GMC sonoma pickup.....It can get 27 miles to the gallon IF I go 55 mph only.....

Democracy is a device that ensures we shall be governed no better than we deserve.

 

George Bernard Shaw

 

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