Green Tax Incentives for Travel (Part I)

I covered federal tax incentives for going green in the home here and here. Now I'm going to cover green tax incentives associated with travel.

For individuals, the following credits are available:

• New Qualified Plug-in Electric Drive Motor Vehicles Credit (IRC Sec. 30D)
• Certain Plug-in Electric Vehicles Credit (IRC Sec. 30)
• Alternative Motor Vehicle Credit (IRC Sec. 30B)
• New Qualified Fuel Cell Motor Vehicle Credit (IRC Sec. 30B)
• New Qualified Advanced Lean burn Technology Motor Vehicle Credit (IRC Sec. 30B)
• New Qualified Hybrid Motor Vehicle Credit (IRC Sec. 30B)
• New Qualified Alternative Fuel Motor Vehicle Credit (IRC Sec. 30B)
• Plug-in Conversion Credit (IRC Sec. 30B)

The first three items on the list are also available for businesses that purchase energy efficient vehicles.

The rules for each of these credits is too detailed to blog about but you can find out more by reviewing the code sections or looking at the required forms where the various credits are calculated - Form 8936 (Qualified Plug-in Electric Drive Motor Vehicle Credit), Form 8834 (Qualified Plug-in Electric and Electric Vehicle Credit), and Form 8910 (Alternative Motor Vehicle Credit).