Extended and increased tax break?
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Active Enthusiast
Joined: Aug 2004
Posts: 193
From: Chattanooga, TN
Extended and increased tax break?
Here is an article I found this morning:
Full article: http://www.sltrib.com/business/ci_2807335
Billy
WASHINGTON - Several of Utah Sen. Orrin Hatch's proposals to spur energy development and conservation - including a tax incentive for purchase of hybrid cars - were included in an energy bill before the Senate.
A key component of the tax package was the inclusion of the bulk of Hatch's CLEAR Act, which extends a tax break for the purchase of gas-electric hybrids or other alternative fuel vehicles. The breaks would range from $400 to $2,400, depending on the efficiency of the hybrid.
A key component of the tax package was the inclusion of the bulk of Hatch's CLEAR Act, which extends a tax break for the purchase of gas-electric hybrids or other alternative fuel vehicles. The breaks would range from $400 to $2,400, depending on the efficiency of the hybrid.
Billy
Ridiculously Active Enthusiast
Joined: Apr 2005
Posts: 1,045
From: Coquitlam, B.C.
Re: Extended and increased tax break?
From the sound of it, (hopefully) the breaks will be aimed at the more efficient hybrids rather than the SUVs, as obviously those buying an SUV do not take as much of a financial hit as those buying a smaller car with the same added technology since there is a larger profit padding in the SUV models...
Happy Owner
Joined: Mar 2005
Posts: 70
From: Coastal Maine
Re: Extended and increased tax break?
Originally Posted by Schwa
... as obviously those buying an SUV do not take as much of a financial hit as those buying a smaller car with the same added technology since there is a larger profit padding in the SUV models...
Ridiculously Active Enthusiast
Joined: Apr 2005
Posts: 1,045
From: Coquitlam, B.C.
Re: Extended and increased tax break?
I'm not saying there should be no break for SUVs, what I meant was that I hope the breaks are proportional to the FE of the vehicles sold, thus encouraging (in general) higher FE when considering a new vehicle. My concern is not so much with the econo-SUVs as much as with the luxury models where the price tag is already very well inflated to begin with. A big break for them seems like a big waste of money, but a break is indeed in order for all hybrids, as long as they make a difference, and so far they are.
If they make the break in proportion to the cost of the vehicle then it's totally backwards, and won't encourage people to buy the more fuel efficient models, that would be yet another break for the more well-off.
If they make the break in proportion to the cost of the vehicle then it's totally backwards, and won't encourage people to buy the more fuel efficient models, that would be yet another break for the more well-off.
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