Energy Bill Diesel Tax Credit

[DaveK98]

Crap, See below, looks like this doen't start till next year...



Consumers of clean-burning diesel cars, trucks and SUVs will be eligible for the same kind of tax credits as hybrid consumers under the new legislation. Beginning January 1, 2006 and extending through December 31, 2010, consumers who purchase diesel-powered vehicles will be eligible for up to $3,400 in tax credits based on the weight, fuel efficiency rating and emissions level of the vehicle, as determined by the U. S. Environmental Protection Agency. "These incentives are an important step in expanding the market for energy efficient vehicles," said Allen Schaeffer, executive director of the Diesel Technology Forum.

 

[RustyJC]

For others looking for a source, here's the Money/CNN article:

Tax breaks on the road



Under the bill, American car buyers are also eligible for a number of tax breaks.



By purchasing a hybrid or diesel car after Jan. 1, 2006, consumers can get a tax credit anywhere from $500 to $3,400 dollars, depending on the fuel efficiency of the car.



The tax credit for a Toyota Prius, for example, would range anywhere from $2,500 to $3,000, according to Toyota.



While the bill rewards owners of hydrogen and electric cars as much as $8,000 in tax credits, the number of vehicles owned by American consumers that are powered by alternative fuels are negligible.



Some energy conservation advocates note that while the legislation advances some important changes, the new bill does little to curb one of the nation's biggest energy problems - U. S. reliance on oil.



"The bill passed by the House and Senate will increase the use of energy efficiency technologies to extend our nation's energy supplies," Kateri Callahan, the president of the Alliance to Save Energy President, said in a statement. "But, the bill falls far short of making energy efficiency a cornerstone of U. S. energy policy. Most alarming is the bill's failure to curtail our growing and dangerous oil addiction in the transportation sector, which accounts for two-thirds of total U. S. oil use. "



The bill's final version did not include other energy saving recommendations such as the Senate's recommendation that the federal government find ways of trimming oil demand and improving fuel efficiency on gas-guzzling cars.

Rusty

 

[gsbrockman]

I was hoping to utilize my tax credit on the '05 Jeep Liberty Limited 4x4 CRD I bought my wife this year for BOMBing... ... Oh well... ... ... ...

Greg