Tax Rules of the Road

Here are the key requirements for the new hybrid-vehicle credit:

  • The vehicle must be placed in service in 2006 through 2010.
  • Only buyers of new hybrid vehicles can claim the credit; it doesn’t apply to used vehicles.
  • The person claiming the credit must use the vehicle or offer it for lease.
  • If a qualified vehicle is leased to a consumer, the leasing company may claim the credit.
  • The vehicle must be used predominantly within the United States.


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