Committee chairman Chuck Grassley, R-Iowa, and Sen. Max Baucus, D-Montana, have submitted a bill that would give tax
deductions available for large SUVs (those weighing more than three tons) used by businesses to those companies using
in their fleets. The bill adds up to an additional $25,000 deduction to already existing $100,000
available deductions for hybrid
and alternative fuel
vehicles. Finally, all owners of hybrid vehicles get up to $3,150
in tax credit as well.
More details at the link.
[Source: Associated Press via Monterey