Tag: Vehicle Tax Credit

Jan. 1 2015 – Dec. 31 2016 Clean Fuel Vehicle Tax Credit Rules

Taxpayers may claim a non-refundable tax credit against state individual income tax, corporate franchise tax, or fiduciary tax as follows: The State provides an income tax credit of $1,000 for the original purchase of new qualifying Plug-in hybrid vehicles registered in Utah. The state provides an income tax credit of 35% of the vehicle purchase …

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Special Mobile Equipment:
After 2009 Clean Fuel Vehicle Tax Credit Rules

Special Mobile Equipment Converted to Clean Fuels Fifty percent of the cost of equipment for conversion of special mobile equipment engine minus any grant received, up to maximum tax credit of $1,000 per special mobile equipment engine, if: it is to be fueled by propane, compressed natural gas, or electricity; it is to be fueled …

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Jan. 2014 – Dec. 2014 Clean Fuel Vehicle Tax Credit Rules

Taxpayers may claim a non-refundable tax credit against state individual income tax, corporate franchise tax, or fiduciary tax as follows: Original Equipment Manufacturer (OEM) Compressed Natural Gas Vehicles Converted Vehicles Special Mobile Equipment Converted to Clean Fuels Qualifying Electric and Hybrid Vehicles The state provides an income tax credit of 35% of the vehicle purchase …

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