Monday, 23 May 2011

Hybrid Car Tax Break and Benefits

Many states have been offering both cash and privilege incentives for consumers who purchase ecologically friendly vehicles. Below is a list of some of the incentives. If we've missed any, please let us know!
  • California - hybrid car owners are allowed the use of carpool lanes and are exempt from parking fees in certain parts of the sate.
  • Colorado - hybrid car owners are offered a tax credit.
  • Connecticut - those interested in purchasing a hybrid car with a fuel economy rating of better than 40mpg are exempt from sales tax on the purchase.
  • Florida - hybrid car owners may drive in carpool lanes regardless of the number of passengers.
  • Georgia - hybrid car owners may drive in carpool lanes regardless of the number of passengers.
  • Maine - hybrid car owners may be eligible for a tax rebate of as high as $500.
  • Maryland - hybrid car owners are eligible for a tax rebate of $1000.
  • New Mexico - hybrid car owners do not have to pay the motor vehicle excise tax.
  • New York - hybrid car owners may be eligible for up to $5000 in tax rebates.
  • Oregon - hybrid car owners are eligible for a $1500 tax rebate.
  • Pennsylvania - as of 2005, hybrid car owners are eligible for a $500 rebate. More here.
  • Utah - hybrid car owners are eligible for up to a $3000 income tax credit.

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