As you're aware by now, yesterday's big news was H.R. 3435, the emergency legislation passed by the House of Representatives authorizing an additional $2B for the CARS scrappage scheme. As had been widely reported on Thursday, the clunkers program appeared to have run out of money a lot sooner than anyone had expected, sending legislators in favor o
Honda's two compressed natural gas vehicle, the 2005 and 2006 Civic GX, have met the Qualified Alternative Fuel Motor Vehicles (QAFMV) qualifications per the Internal Revenue Service (IRS). This acknowledges buyers are eligible to receive credit upon purchasing either alternate fuel vehicle.
As far as the Internal Revenue Service is concerned, Toyota Motor Company has hit the magic number. The company is expected to announce the sale of its 60,000th hybrid vehicle, coincidentally the same number at which tax incentives to buy such vehicles is reduced or disappears. Those tax benefits, which range from $650 for a Honda Accord hybrid to $3,150 for a Toyota Prius are often a big factor in consumer decisions to purchase these models, so it will be interesting to see if their&nbs
With tax day just past, it’s good to know the IRS still hearts biofuels. There are plenty of tax credits for those involved in the biofuel way of life. Everyone from individuals or businesses purchasing cars, to small agri-business biofuel producers (those who make less than 15-million gallons of biodiesel or 60-million gallons of ethanol) can benefit from these tax credits.