New York State Tax Incentives For Hybrids?

[S. Park Cows]

It is common knowledge that owners of the RX400h who take possession of the vehicle by 12/31/2005 are entitled to a $2,000 tax deduction on their 2005 federal tax return.

(see http://www.fueleconomy.gov/!Removed!/tax_hybrid.shtml)

There are a number of states offering incentives for hybrid vehicles, although some of those incentives are not tax-related. Those states offering incentives include: Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Kentucky, Maryland, Maine, Minnesota, Mississippi, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

(see http://www.cleancarcampaign.org/hybridstate.shtml)

(see http://www.hybridcars.com/incentives.html)

(see http://www.eere.energy.gov/cleancities/hev/hev_benefits.html)

(see http://www.eere.energy.gov/cleancities/hev/hev_tax.html)

(see http://www.eere.energy.gov/cleancities/atv/incen_laws.html)

In searching the internet, it seems New York offers purchasers of qualified HEVs (Hybrid Electric Vehicles):

1. a tax credit of $2,000, and

2. a sales tax exemption of $3,000

(see above and http://www.eere.energy.gov/afdc/progs/sear...ate.cgi?afdc/NY)

Based on the criteria set forth in the websites that I have seen, it looks like the RX400h meets the criteria of a qualified HEV.

I have tried calling some New York State agencies over the last couple of days, but have not been able to talk with the people with the knowledge to confirm the benefits. Has anyone confirmed the New York State tax incentives for 2005 to which owners of specifically the RX400h are entitled? Do you actually need to purchase the vehicle in New York State in order to qualify for the New York State tax incentives? I was going to purchase the vehicle in Connecticut.

[lexus411]

you still pay tax where you register the car, so you should be able to get the benefit if your purchasing.

[king]

It is common knowledge that owners of the RX400h who take possession of the vehicle by 12/31/2005 are entitled to a $2,000 tax deduction on their 2005 federal tax return.

(see http://www.fueleconomy.gov/!Removed!/tax_hybrid.shtml)

There are a number of states offering incentives for hybrid vehicles, although some of those incentives are not tax-related.  Those states offering incentives include:  Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Kentucky, Maryland, Maine, Minnesota, Mississippi, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin. 

(see http://www.cleancarcampaign.org/hybridstate.shtml)

(see http://www.hybridcars.com/incentives.html)

(see http://www.eere.energy.gov/cleancities/hev/hev_benefits.html)

(see http://www.eere.energy.gov/cleancities/hev/hev_tax.html)

(see http://www.eere.energy.gov/cleancities/atv/incen_laws.html)

In searching the internet, it seems New York offers purchasers of qualified HEVs (Hybrid Electric Vehicles):

1. a tax credit of $2,000, and

2. a sales tax exemption of $3,000

(see above and http://www.eere.energy.gov/afdc/progs/sear...ate.cgi?afdc/NY)

Based on the criteria set forth in the websites that I have seen, it looks like the RX400h meets the criteria of a qualified HEV. 

I have tried calling some New York State agencies over the last couple of days, but have not been able to talk with the people with the knowledge to confirm the benefits.  Has anyone confirmed the New York State tax incentives for 2005 to which owners of specifically the RX400h are entitled?  Do you actually need to purchase the vehicle in New York State in order to qualify for the New York State tax incentives?  I was going to purchase the vehicle in Connecticut.

←

Followed your link http://www.eere.energy.gov/afdc/progs/sear...ate.cgi?afdc/NY and it said "These incentives apply to vehicles and fueling property placed in service by December 31, 2004".

Hope the deadline was extended to 2005 - let us know how you get on.

[NYCRRFan]

I got through to the NY State income tax folks and sales tax folks and was told that the $2000 tax credit is in effect for the 2005 tax year. The sales tax folks told me that their were no sales tax incentives in effect for 2005.