Prius Prime Preliminary State Tax Credit Discussion

Discussion in 'Prime Main Forum (2017-Current)' started by wjtracy, Mar 28, 2016.

  1. wjtracy

    wjtracy Senior Member

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    It's always hard to define state tax credits, so we rely on owner reports.
    Please add or correct or agree with these figures:

    But here's where to start looking for 8.8 kWhr PHEV tax credits:

    CA $1500 poss. double if lower income
    DC Sales tax exempt (includes all cars over 40 MPG EPA CITY)
    MD $1100 (= $125 x kWhrs)
    SC $667 + (kWhr-4) x $111 = $1200
    TX $2500 (program has apparently ended)
    PA $1000
    LA $1500 or more?
    OK $1500 or more?
    MI No annual property tax
    IL up to $4000? (program has apparently ended)
    CO (MSRP x kWhrs)/100 = $2720 (but check for recent changes in CO rebate structure)
    TN $1500
    MA $2500
    UT $1000?
    RI? has something going on
    CT up to $3000
    DE $2200
    MN $2500 proposed
    NY Talking about it! approved - $2000 we think.

    http://www.plugincars.com/federal-and-local-incentives-plug-hybrids-and-electric-cars.html
     
    #1 wjtracy, Mar 28, 2016
    Last edited: May 16, 2016
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  2. iplug

    iplug Senior Member

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  3. wjtracy

    wjtracy Senior Member

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    #3 wjtracy, Mar 29, 2016
    Last edited: Mar 29, 2016
  4. fotomoto

    fotomoto Senior Member

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    A big reason why it didn't last very long is the incentive also applied to leases which greatly increased the applicant pool!
     
  5. wjtracy

    wjtracy Senior Member

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    Jeff Cobb says $3700 and change Fed Rebate. I like your number better.
    I'll put it in TurboTax later today. TurboTax asks for VIN#, but any VIN# will do (last year anyways).

    TURBO TAX says $4502 FEDERAL
     
    #5 wjtracy, Mar 29, 2016
    Last edited: Mar 29, 2016
  6. fotomoto

    fotomoto Senior Member

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    What? My CMax with a smaller 7.6kWh battery was $4007 (yes the 7 isn't a typo).
     
  7. wjtracy

    wjtracy Senior Member

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    Nobody corrected Jeff Cobb and he's the Jedi master
     
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  8. bisco

    bisco cookie crumbler

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    hmm, 7k here, not too shabby. what would my gross income have to be?
     
  9. Reagle

    Reagle Junior Member

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    Note: NY is talking about EV rebate for the next budget- due end of the month! We shall see
     
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  10. wjtracy

    wjtracy Senior Member

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    ..thanks yes saw that a few weeks ago in a Buffalo paper on-line
     
  11. Reagle

    Reagle Junior Member

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    Depending on whose bill they pick, it may be anywhere from $2.5k to $5k. Aslo not clear if it covers leases

    Looks like up to $2k:
    "Today, New York legislators will vote on the annual budget that, this year, includes a new electric vehicle rebate program that will allow consumers who purchase or lease the vehicles at a discount of up to $2,000. This rebate will be in addition to the federal electric vehicle tax credit, which provides a credit of up to $7,500 for the purchase of an electric vehicle.The budget is expected to pass today."

    New York State Budget Includes New Consumer Electric Vehicle Rebate | Sierra Club National
     
  12. Vihzel

    Vihzel New Member

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    Oh very nice. It looks like I might be eligible for a $3,000 tax credit or an "income tax credit worth 50 percent of the cost premium of an electric car, plug-in hybrid, or converting a vehicle" in Louisiana, although I might purchase the car in CA and then drive it to NOLA. That with the federal rebate comes to $7,500 incentive for the Prius Prime.
     
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  13. wjtracy

    wjtracy Senior Member

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    When states phrase it like that, it's hard to understand what they mean.
     
  14. Sergiospl

    Sergiospl Senior Member

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  15. Vihzel

    Vihzel New Member

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    Yeah. I am thinking that it's whatever the premium is over getting the regular Prius hybrid, although I'm not really sure how it all works with the add-ons like the big screen. I'll just be looking at the $3k incentive. I'm surprised that Louisiana even has something like this in general since the state has a reputation of not being too friendly to alternative vehicles or renewable energies in general. It's nice that they provide an even greater incentive than a state like CA, although I guess CA would have a lot more people using the tax credits.
     
  16. wjtracy

    wjtracy Senior Member

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  17. Reagle

    Reagle Junior Member

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    I saw wording of a 4kWh+ battery. So most likely you either get the whole thing or none.
     
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  18. Sergiospl

    Sergiospl Senior Member

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  19. wjtracy

    wjtracy Senior Member

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    Interesting that Washington state is opting to bless BEV + what amounts to "Volts only" on PHEV.
    Thus bad news for Prime fans in WA. But WA is the only state doing that. NJ is BEV only. As I understand WA, it is not new program, they've had BEV sales tax exclusion incentives since 2012, which were truncated last year to cars under $35k (Leaf), now they're re-allowing all BEV and Volt?

    Florida no hope for Prime? Slim pickens but check out this listing of secondary incentives
    Incentives for Plug-in Hybrids and Electric Cars | PluginCars.com
     
    #19 wjtracy, Apr 20, 2016
    Last edited: Apr 20, 2016
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  20. wjtracy

    wjtracy Senior Member

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    According to HybridCars.com the state of Colorado has recently changed it's future rebates to $5000 for BEV and I do not know what for PHEV...
     
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