Comments on: Senate Proposes $7500 Tax Credit on Plug-In Electric Hybrid Vehicles

By: Artie DeSisto, CPA,

Artie DeSisto, CPA, — Fri, 30 Jan 2009 12:39:27 +0000

This and many other credits are worthless or their value greatly reduced if they are not allowed against the Alternative Minimum Tax (AMT). You would do your readers an injustice if you did not mention the AMT issue. One could buy a car which would qualify for a huge tax credit only to find out when they file their return that the credit is reduced or eliminated due to AMT. Encourage the readers to talk to your tax advisor BEFORE you buy (if this becomes law).

By: Cool Green Science » Cool Green Morning: Thursday, Jan. 29

Cool Green Science » Cool Green Morning: Thursday, Jan. 29 — Thu, 29 Jan 2009 16:37:09 +0000

[...] Stimulus: Tax credits of up to $7,500 for plug-in vehicles are part of the Senate’s proposed tax stimulus plan. This effort would double the number of [...]

By: marc

marc — Thu, 29 Jan 2009 13:19:27 +0000

That's nice. Where do we plug these in when we are on the road? Also no one has mentioned the tax on the electricity use by the federal government to recuperate the lost revenue from fossil fuels we are weaning off of. We also will probably be required to install an additional meter at the residence with a special plug so the government can monitor the usage. How about the multi-family housing. The electricity will not be cheap…then watch, another avenue for the power companies to increase the price of kilowatt usage. The pandora's box is about to unfold. Land of the free and opportunity is about over….we are all going to be government workers at the end of this administration! Watch and learn