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Federal & State Updates
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FEDERAL INCENTIVES FOR OWNING A HYBRID CAR
New hybrid car incentives took effect as of January 1, 2006. To get the latest federal tax credit information,
please visit the following U.S. Department of Energy site:
www.fueleconomy.gov/feg/tax_hybrid.shtml.
The IRS provides clean-fuel vehicle deductions available for certain model of hybrid cars, along with the latest news releases
regarding particular models, at:
www.irs.gov/newsroom/article/0,,id=104549,00.html.
The U.S. Department of the Treasury has created a chart that briefly details tax credit information appropriate
for any car purchased in 2005 in an easy to read format:
Download.
In conjunction with the U.S. Department of Energy’s Energy Efficiency and Renewable Energy program,
the U.S. National Renewable Energy Laboratory, provides a newsletter detailing federal tax deduction
information for the 2005 tax filing year for hybrid electric vehicles fact sheet downloadable at:
www.eere.energy.gov/cleancities/atv/incen_laws.html.
To ensure that the hybrid car you own or are considering purchasing qualifies for a tax incentive or tax credit,
please consult your CPA or tax attorney.
For information regarding your state and available incentives, select the location in the drop menu to the right
to pull available resources. You can also visit your respective state government Web sites for more information.
Travelers hybrid car insurance discount will be available in all states by the end of Summer 2006. For a list of the current states in which the discount is available, see How to Buy.
Your dedication to the environment will soon be rewarded.
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