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| Prius and Hybrid News This is a discussion on Legislation Would Increase Tax Credits on Hybrids within the Prius and Hybrid News forums, part of the Toyota Prius Forums category; Legislation Would Increase Tax Credits on Hybrid Vehicles by $3000! AIADA summary U.S. Rep. Rahm Emanuel (D-Ill.) said he ... |
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| | #1 | |
| Join Date: Aug 2005
Posts: 1,225
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Legislation Would Increase Tax Credits on Hybrid Vehicles by $3000! Quote:
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| | #3 | |
| Join Date: Aug 2005
Posts: 1,225
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Quote:
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| | #4 | |
| Senior Member Join Date: May 2005 Location: Marlborough, MA
Posts: 1,386
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Quote:
Anything is better than a handout. | |
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| | #5 | |
| Join Date: Nov 2005 Location: Sunny Hawaii
Posts: 267
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Quote:
I really want Ford and GM to succeed. They just need to somehow get their act together. Maybe nudging them into making better marketing decisions by tax incentives is the way to go. Arg, who knows? ![]() | |
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| | #7 |
| Senior Member Join Date: Sep 2005 Location: WA
Posts: 1,243
My Car: 2005 Prius Package: #5 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | I agree - this may not hold up under WTO scrutiny. Why focus on American manufactured cars only? Is the idea to save energy or jobs? |
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| | #9 |
| Three cats, one Prius, and assorted humans Join Date: Apr 2005 Location: Albuquerque, NM (SouthWest US)
Posts: 1,810
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | So will a flex-fuel vehicle that may never see anything but petrol it's entire life, get 20 mpg and have dirty emissions be eligible ? |
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| | #10 |
| Junior Member Join Date: Aug 2005 Location: Boulder, CO
Posts: 25
My Car: 2007 Prius Package: #4 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | From what I understand, it's not just for American auto manufacturors. It's for hybrid vehicles assembled in the U.S., which will include the Camry and the Altima. I read about this the other day on this hybrid incentives site, which provides up to date information on incentives (such as free parking, tax incentives, etc.) for the U.S. and state by state. It's a good site: http://go.ucsusa.org/hybridcenter/incentives.cfm Here's the info from this site: Domestic hybrid extended tax credit (bill): Congressman Rahm Emanuel (D-IL) has introduced H.R. 4458, the 'American Hybrid Tax Credit Act of 2005.' The bill would give an additional $3,000 tax credit over and above the currently enacted federal tax credits for "a new qualified hybrid motor vehicle which is assembled in the United States." The total tax credit would be capped at $6,000. This would currently apply to the Ford Escape Hybrid and Mercury Mariner. Models expected to be released in 2006 that would qualify for this extended credit would be the Toyota Camry Hybrid (built in Kentucky) and the Nissan Altima Hybrid (built in Tennessee). Referred to the Ways and Means Committee 12/7/05. I also learned there that some members of congress are proposing to lift the 60,000 limit on tax credits. |
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