There was some farm legislation that went through that increased the tax deduction for corporations that purchased heavy vehicles.
It just so happened that Large SUVs like the Hummer, Suburban and Excursion fell into that category as well. The bill was designed to let farmers update outdated farm equipment at a lower cost; however they left it wide open for non farming corporations to take advantage of it. So many small business owners and even families with savvy accountants used the deduction. However it was a one time deduction based on the purchase. Not a credit like the hybrid. > -----Original Message----- > From: C. Hatton Humphrey [mailto:[EMAIL PROTECTED] > Sent: Sunday, November 27, 2005 4:29 PM > To: CF-Community > Subject: Re: Higher Taxes for Hybrids > > Now wait a minute, I know you can get a tax credit for buying hybrid > other powered vehicles, as these two sites show: > > http://www.aceee.org/transportation/hybtaxcred.htm > http://www.fueleconomy.gov/feg/tax_hybrid.shtml > > But did I miss something that shows where if I buy a gas-burning SUV > that it will give me some sort of tax incetive as well on it's own or > are you referring to some other method of claiming tax credits? > > Hatton ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:184163 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
