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Search on hybrid, then select item 3, this is the tax code passed this year for hybrid vehicles.
Now trying to interpret this code is a problem and I think we need input from Toyota for the Prius.The way I read it is that we can take a tax credit for an amount based on the percentage of the power provided by the electric motor.If the electric motor provides greater than 5 per cent but less than 10 per cent of the total power than the credit is $500, etc. according to the table.The same type of credit applies for the regenerative brakes the way I read this. The question is how do we determine these percentages?
Can we take the horsepower of the electric motor, 44hp, plus the horsepower of the gas engine, 70hp, so 114 total hp, thus 44hp is 39% of the total.This seems to imply that $2000 is the tax credit. I'm probably not doing this correctly. Can anyone else give any input on this?
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Rob Fruth - Houston, Tx http://freeweb.pdq.net/rfruth
1981 Raleigh for commuting, errands & fun 1997 Trek 2300 for real fun ! 2000 DX Civic hatchback
Rob Fruth - Houston, Tx http://freeweb.pdq.net/rfruth1981 Raleigh for commuting, errands & fun 1997 Trek 2300 for real fun ! 2000 DX Civic hatchback
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