tax
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0New York considering 5% luxury tax on expensive cars 1229639460
New York Governor David Paterson needs to close a $15.4-billion budget deficit, and has proposed 88 new fees and taxes to do it. One of them is aimed at New York car buyers: a 5% tax on all cars sold for $60,000 or more. Notice the phrasing "sold for," not "MSRP of". That means if you add $8,001 in ...
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All VW and Mercedes diesels eligible for tax credit 1218486720
We knew last month that the Jetta TDI was qualified for the tax credit. Now, word is out that all of the new-generation clean diesels for Volkswagen (TDI) and Mercedes-Benz (Bluetec) will be joining the elite handful of vehicles that qualify for a federal alternative-powertrain tax credit. Formerly ...
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Round Three: Mayor of London rejects Porsche, we're going to court 1205253120
Ding, ding... Round Three! When the city of London decided in November 2006 to tax gas-guzzling, emission-spewing vehicles (aka sports cars), we knew someone would put up a fight. It didn't take long before Porsche, the enthusiast-oriented German automaker, stepped into the ring. Round One ...
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Mulally not proposing a gas tax - but he's not against it 1186696920
The hallmark of the environmental debate is that there are so many important players on so many different sides. Eminent scientists and intellectuals have taken every side of the debate, challenging their eminent colleagues. When it comes to the two most involved and highly charged players, the ...
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Canada's new budget will add $4,000 tax to SUVs 1174503720
The Canadian government's new proposed budget includes both a $2,000 incentive for buying fuel efficient vehicles like hybrids and a $4,000 tax for purchasing less efficient models like SUVs. Unfortunately, the Detroit News article doesn't specify how the budget determines what vehicles qualify for ...
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Congressman wants to close SUV tax loophole 1157482740
Congressman Ed Markey (MA) has released a new report entitled Tipping the Scales to coincide with a bill titled H.R. 5579, the No Special Subsidies for Gas Guzzlers Act. The report focuses on the tax loophole that exempts people purchasing an SUV from paying a gas-guzzler tax, which is normally ...
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PSA: Still time for the U.S. hybrid tax credit 1144357380
Looking for an easy tax credit? Look no further than the U.S. tax credits for hybrid vehicles. While the program's days are numbered, our friends over at Treehugger tell us that the program isn't extinct yet. 60,000 vehicles is the magic number of hybrid each manufacturer can sell ...
