Cash for Clunkers?
#1
Cash for Clunkers?
No it's not a program yet... but it was actually introduced and, if passed, would be a way to get credit on a used hybrid:
See:
http://www.networkworld.com/community/node/37337
Since the program would be a tax credit, I doubt many people would be able to get the new hybrid car tax credit *and* a cash-for-clunkers credit on the same car (many people can't get full credit for just one tax credit due to the alternative-minimum-tax rules). But so far there's been no way to get a tax credit for buying a used hybrid -- it appears that this measure would change that.
See:
http://www.networkworld.com/community/node/37337
Since the program would be a tax credit, I doubt many people would be able to get the new hybrid car tax credit *and* a cash-for-clunkers credit on the same car (many people can't get full credit for just one tax credit due to the alternative-minimum-tax rules). But so far there's been no way to get a tax credit for buying a used hybrid -- it appears that this measure would change that.
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