Great news...the Alternative Fuel Infrastructure Tax Credit has been extended one year to 12/31/2011, but reduced to $1,000 for Residential installations and $30,000 for Commercial installations.
Link to IRS Form 8911 (PDF): www.irs.gov/pub/irs-pdf/f8911.pdf
Read the full story on Edmunds blog: http://blogs.edmunds.com/greencaradvisor/2010/12/obama-signs-tax-package-with-credits-for-biofuels-car-chargers.html
Read the full text of the bill (and cure your insomnia) here: S.A.4753: The Reid-McConnell Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010
Overview of existing credit: http://www.afdc.energy.gov/afdc/laws/law/US/351
EVSE Tax Credit Extended to 12/31/2011, but reduced to $1,000 Res/$30,000 Com
Sunday, December 19, 2010
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2 comments:
That's definitely great news. It'll really help a lot. Thanks for sharing.
sr&ed tax credit
Why won't the government give a 10-year Alternative Fuel Infrastructure Tax break. This will surely help people redirect their finances to other things or activities. This idea sounds ridiculous though.
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