SeattleBlueLeaf
Well-known member
News from Nick Chambers at PlugInCars.com is that the tax break for EVSE equipment made it into the bill that passed the Senate. http://goo.gl/grvZf Unsure if the amount will be a 30% or 50% tax credit though.
EVSE Tax cut makes Senate Tax Bill
- Thread starter SeattleBlueLeaf
- Start date
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TRONZ
Well-known member
Great news! Now I feel better about waiting for a better selection of EVSE's. Alot of neat ones are coming along so not having 2010 pressure is nice.
Boomer23
Well-known member
Thanks for this news.
I posted a question on the site asking if the extension still limits the credit by the Alternative Minimum Tax.
I posted a question on the site asking if the extension still limits the credit by the Alternative Minimum Tax.
evnow
Well-known member
I'd say the 50% stands, as only the dates have been amended.
http://www.plugincars.com/breaking-extension-electric-car-charging-station-incentives-snuck-tax-cut-extension-bill-106565.html
Considering how bad this bill otherwise is - I hope it doesn't get passed in its present form. But if past experience is anything to go by - the spineless house dems will buckle and pass this as is.
http://www.plugincars.com/breaking-extension-electric-car-charging-station-incentives-snuck-tax-cut-extension-bill-106565.html
Code:
SEC. 711. ALTERNATIVE FUEL VEHICLE REFUELING PROP-
ERTY.
(a) EXTENSION OF CREDIT.—Paragraph (2) of sec-
tion 30C(g) is amended by striking ‘‘December 31, 2010’’
and inserting ‘‘December 31, 2011.’’.
(b) EFFECTIVE DATE.—The amendment made by
this section shall apply to property placed in service after
December 31, 2010.Considering how bad this bill otherwise is - I hope it doesn't get passed in its present form. But if past experience is anything to go by - the spineless house dems will buckle and pass this as is.
TRONZ
Well-known member
garygid
Well-known member
Except for the AMT aspects, the time extension is great, right?
Or, does that just exrend the 30%, where the 50% rate had its own ternination date? I cannot remember how the 50% part was worded when it was added to the original.
Or, does that just exrend the 30%, where the 50% rate had its own ternination date? I cannot remember how the 50% part was worded when it was added to the original.
