Nissan hybrid tax credits still good
Federal tax breaks for buyers of hybrid cars in the United States began to decline after the fall. But after the Internal Revenue Service, Nissan vehicles can continue to claim credit for alternative motor vehicles.
The quarterly magazine of the IRS shows that the Japanese automaker in 2094, eligible vehicles sold to dealers during the quarter ended March 31, 2007. The credit granted for 2007 Altima Hybrid, Nissan's only certified hybrid vehicle is $ 2,350.Taxpayers are allowed the full amount of the loan until the end of the first quarter after quarter in which the manufacturer records the sale of 60,000 th vehicle. The announcement comes after the IRS concluded its quarterly review of the number of hybrid vehicles sold.
The contributors address the tax credit may be purchased in advance because it gives all the credit for a limited time. You can also request the total amount of credits at the end offirst quarter after quarter in which the manufacturer records the sale of 60,000 th vehicle.
For the second quarter and third quarter after the vehicle is sold No 60000, taxpayers may claim 50 percent of the loan. For the fourth quarter and the fifth, one might say, 25 percent of the loan. However, they are not allowed after the fifth quarter.
The Nissan Altima Hybrid Electric is equipped with Nissan fires around corners, theleader in the production of hybrid cars. The hybrid is equipped with a 2.5 L QR25DE engine, CVT and electric motor or a generator. Nissan has signed an agreement with Toyota Motor Corp., some of its hybrid technologies are used is the new Altima. In addition, the third largest Japanese automaker said that based on the hybrid models based on hybrid technology is at home.
Up to 40,000 Altima hybrids are built at Nissan's Smyrna years. For model year 2007, sales of hybrid modelslimited to California, Connecticut, Maine, Massachusetts, New Jersey, New York, Rhode Island and Vermont. Other states will follow in the coming years.
The IRS is holding up the market for hybrid cars, the show is a sad day for the tax credit on Toyota Prius is good news for General Motors and Nissan. The measure died of tax credits proposed by the restriction of the claims of Toyota and Lexus hybrid production to halve by the end of September this quarterThe prices in the month of April. However, they are fully tax credits for hybrid vehicle market leader Toyota is available until the end of the quarter. In addition, sales are expected to rise as buyers get the maximum tax reductions.
After review of the Toyota in the first quarter of 2007, the income, the IRS decided that Prius buyers can continue to make only a small amount of the tax credit. The total amount of the loan immediately to a Prius buyer only $ 787.50.
The IRS also announced thatBuyers of GM hybrid vehicles qualified are entitled to a tax credit of $ 250 to $ 1300. Truck GMC Sierra Hybrid, the hybrid Chevrolet Silverado to a tax credit of $ 250 for models with two-wheel drive and $ 650 for four-wheel drive model. The Saturn Vue Green Line has a credit of $ 650 and the hybrid Aura is a loan of $ 1300.
This year, tax credits are still available for the 2WD Ford Escape Hybrid ($ 2,600), Ford Escape Hybrid 4WD ($ 1,950), Honda Accord Hybrid (AT$ 1.300), Honda Accord Hybrid Navi AT (1,300 dollars), Honda Civic GX ($ 4,000), Honda Civic Hybrid CVT ($ 2,100), Lexus GS 450h ($ 775), Lexus RX 400h 2WD and 4WD ($ 1,100) , Mercury Mariner Hybrid 4WD ($ 1,950), Toyota Camry Hybrid ($ 1,300) and the Toyota Highlander Hybrid 2WD and 4WD ($ 1,300).
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