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Congress Restores Hybrid and Alt Fuels Deduction

27 September 2004

The Alliance to Save Energy. Congress has restored the alternative-fuel and hybrid vehicle federal income tax deduction to $2,000 for vehicles purchased in calendar years 2004 and 2005. Under current law, the deduction was to drop by 25% to $1,500 this year and then down another 25% in 2005.

September 27, 2004 in Policy | Permalink | Comments (0) | TrackBack (1)

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» Tax Breaks for Hybrids from GreenDigit.com
Congress restores tax breaks for hybrid vehicle purchses to 2003 levels. [Read More]

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