Civic Hybrid tax credit drops
A federal income-tax credit on the Honda Civic Hybrid will drop to $1,050 on January 1, down from $2,100 today.
The law limits the biggest credits to roughly the first 60,000 hybrids that each carmaker sells providing an incentive for domestic manufactures as the program matures. Tax credits have already phased out on hybrids from Toyota and Lexus brand.
bostonherald.com/business
clint · April 7, 2008 4:34 PM
There is so much confusion surrounding this tax credit you should receive for you hybrid purchase. I don't understand why it has to be so complicated can't their just be a set sample description for those who can receive it and those who can't, no they have to have all of this legal "mumbo jumbo" to just so their the only ones who understand the rules and we have to ask them if we get the credit or not. You know I just read this article that might give a little more insight on the problem .