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2006 Tax Law Changes - Alternative Motor Vehicle Credit

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Alternative Motor Vehicle Credit

You may be able to claim this credit if you place an alternative motor vehicle in service for business or personal use after 2005. An alternative motor vehicle must meet certain requirements and be a new:

  • Advanced lean burn technology vehicle,
  • Qualified alternative fuel vehicle,
  • Qualified fuel cell vehicle, or
  • Qualified hybrid vehicle.

For more information, see Form 8910, Alternative Motor Vehicle Credit.

Alternative Fuel Vehicle Refueling Property Credit

You can claim this credit if you place qualified alternative fuel vehicle refueling property in service for business or personal use after 2005. This includes certain property used to store or dispense a clean-burning fuel or recharge motor vehicles propelled by electricity. For more information, see Form 8911, Alternative Fuel Vehicle Refueling Property Credit.

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