NY state tax incentive?

CraigL · 07-05-2005, 12:43 PM

Does anyone know what the 2005 NY state tax incentive is for buying a hybrid? Does it have to be purchased in-state, or just registered/operated? I know the 2004 NYS incentive was a $2000 tax credit (Federal was $2000 tax deduction).

Thanks in advance!

DanMan32 · 07-05-2005, 04:16 PM

http://priuschat.com/forums/previous-vt115...s+tax&&start=20 should get you started.

CraigL · 07-05-2005, 05:21 PM

Thanks for the link.

That thread pretty much covers Prius purchase up until Dec. 31, 2004. However, I'm planning on purchasing this summer. I guess I'll have to call NYSERDA and figure out if there's a tax credit this year. Nothing can be found on their website with regards to 2005 tax incentives.

PriusDreamer · 07-06-2005, 04:30 PM

I am also waiting for word on the NYS credit. For the last two years (at least) this credit has been extended in October. I am hoping this will be the case, but with all the Prius being purchased it may be to expensive for the State to extend this year . I will let all know if and when credit is passed.

CraigL · 07-06-2005, 04:36 PM

Wait until October? :cussing: Oh well.... I will have to send out those emails to my state senator and assemblyperson. Extend the tax credit, help a poor grad student!

CraigL · 07-06-2005, 10:33 PM

Did a little research and found a current bill in the NYS Senate about the tax credit. It actually looks like its just a renewal of the old bill, but the tax credit has been proposed to increase to $4000 (unless I am completely misunderstanding.... which is possible due to the silly legislative language). The bill is here http://assembly.state.ny.us/leg/?bn=A04021 if you'd like to decode it. In any case, it probably won't be acted on for a while.

07-05-2005, 12:43 PM	#1
CraigL Join Date: Jul 2005 Location: Rochester, NY Posts: 13 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	NY state tax incentive? Does anyone know what the 2005 NY state tax incentive is for buying a hybrid? Does it have to be purchased in-state, or just registered/operated? I know the 2004 NYS incentive was a $2000 tax credit (Federal was $2000 tax deduction). Thanks in advance!

07-05-2005, 05:21 PM	#3
CraigL Join Date: Jul 2005 Location: Rochester, NY Posts: 13 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: NY state tax incentive? Thanks for the link. That thread pretty much covers Prius purchase up until Dec. 31, 2004. However, I'm planning on purchasing this summer. I guess I'll have to call NYSERDA and figure out if there's a tax credit this year. Nothing can be found on their website with regards to 2005 tax incentives.

07-06-2005, 04:30 PM	#4
PriusDreamer Senior Member Join Date: Dec 2003 Location: Long Island, NY Posts: 107 My Car: 2010 Prius Model: V Package: No Package Thanks: 0 Thanked 1 Time in 1 Post Friends: 0	Re: NY state tax incentive? I am also waiting for word on the NYS credit. For the last two years (at least) this credit has been extended in October. I am hoping this will be the case, but with all the Prius being purchased it may be to expensive for the State to extend this year . I will let all know if and when credit is passed.

07-06-2005, 04:36 PM	#5
CraigL Join Date: Jul 2005 Location: Rochester, NY Posts: 13 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: NY state tax incentive? Wait until October? :cussing: Oh well.... I will have to send out those emails to my state senator and assemblyperson. Extend the tax credit, help a poor grad student!

07-06-2005, 10:33 PM	#6
CraigL Join Date: Jul 2005 Location: Rochester, NY Posts: 13 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: NY state tax incentive? Did a little research and found a current bill in the NYS Senate about the tax credit. It actually looks like its just a renewal of the old bill, but the tax credit has been proposed to increase to $4000 (unless I am completely misunderstanding.... which is possible due to the silly legislative language). The bill is here http://assembly.state.ny.us/leg/?bn=A04021 if you'd like to decode it. In any case, it probably won't be acted on for a while.

07-05-2005, 04:16 PM	#2
DanMan32 Join Date: Aug 2004 Location: Tampa Bay, FL Posts: 3,775 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	http://priuschat.com/forums/previous-vt115...s+tax&&start=20 should get you started.

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