Hybrid Owners May Get (Small) Local Tax Relief in CT ~ Hybrid Car Review
Hybrid Car Review: Hybrid Owners May Get (Small) Local Tax Relief in CT

Monday, August 13, 2007

Hybrid Owners May Get (Small) Local Tax Relief in CT

Connecticut politicians are looking to enact a (little) tax relief town by town for anyone who buys a hybrid car. Starting in 2008, towns can offer a tax credit on hybrid and other vehicles that get 40 mpg or better from the EPA.

The amount being offered can vary from town to town, and that amount will not be reimbursed by the state, so its completely up to each town whether they want to offer it.

One politician suggested a $25 credit. That's not much, but when it comes to paying local taxes, that much can offset a decent percentage.

The possibility comes out of a state law which was passed in June allowing for tax credits for homeowners that invest in alternative energy.

Source: Journal Inquirer - Tax credit for hybrid vehicles may benefit Manchester drivers

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