Tax Breaks Available for Taxpayers Who Purchase Qualified Plug-In Electric Vehicles
WASHINGTON — Plug-in electric vehicles using certain types of batteries may qualify for a new tax credit if purchased this year, the Internal Revenue Service said today. The Emergency Economic Stabilization Act of 2008 (EESA) and the American Recovery and Reinvestment Act of 2009 (ARRA) created two new tax credits for various types of electric vehicles, which may include what are commonly referred to as neighborhood electric vehicles. ARRA creates a tax credit for low-speed or two- or three-wheel electric vehicles, such as motor scooters, purchased after Feb. 17, 2009, …
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Tax Breaks Available for Taxpayers Who Purchase Qualified Plug-In Electric Vehicles
Topics: credit, emergency, auto, tax credits