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Tax Credits? http://www.lostjeeps.com/forum/phpBB3/viewtopic.php?f=5&t=14478	Page 1 of 1

Author:	WWV [ Mon Nov 13, 2006 12:45 pm ]
Post subject:	Tax Credits?
Found this article at another forum. Anybody thinking about applying? Does our Lib meet the qualifications? http://www.dieselforum.org/policy-insid ... ax-credit/ WWV - 2006 Silver Sport CRD - Utah Federal Clean Diesel Tax Credit Clean diesel cars, pickups and SUVs purchased between January 1, 2006 and December 31, 2010 are eligible for a new federal tax credit. To qualify, new diesel vehicles must: * Be powered by an internal combustion engine which: o Designed to operate primarily using more air than is necessary for complete combustion of the fuel o Incorporates direct injection o Achieves a minimum 25% increase in city fuel economy compared to a similar 2002 vehicle (inertia weight class) * Vehicle weighing 6000 pounds or less must meet Tier 2 Bin 5 emissions * Vehicle weighing more than 6000 pounds but not more than 8500 pounds must meet Tier 2 Bin 8 emissions The credit amount for passenger cars and light duty trucks ranges from $250 up to $3400 depending on achieving certain performance standards for improved fuel economy and fuel conservation (gallons saved) over the life of the vehicle. * Fuel economy credit can range from $400 to $2400 with a minimum threshold of a 25% improvement as compared to 2002 model year city fuel economy (based on vehicle inertia weight class – see below) * Conservation credit can range from $250 - $1000 dollars with a minimum threshold of at least 1200 gallons of gasoline saved over the life of a vehicle driven 120,000 miles. Phase-out period Each automotive manufacturer is limited to selling 60,000 vehicles (hybrid or diesel) that qualify for the advanced vehicle credit. In the first calendar quarter following the sale of the 60,000th qualifying vehicle, a phase-out period begins. The applicable percentage of the incentive during the phase out period is as follows: * 50% for the first 2 calendar quarters of the phase-out period. * 25% for the 3rd and 4th calendar quarters of the phase-out period, and * 0% thereafter Credit Amount for Passenger Cars and Light Duty Trucks Fuel Economy Credit Vehicles achieving a fuel economy of (percentage 2002 model year fuel economy): Credit Amount At least 125% but less than 150% $400 At least 150% but less than 175% $800 At least 175% but less than 200% $1200 At least 200% but less than 225% $1600 At least 225% but less than 250% $2000 At least 250% $2400 Conservation Credit Vehicles achieving a lifetime fuel savings of (in gallons of gasoline): Credit Amount At least 1200 but less than 1800 $250 At least 1800 but less than 2400 $500 At least 2400 but less than 3000 $750 At least 3000 $1000 Baseline Fuel Economy Levels Passenger Cars Vehicle inertia weight class: 2002 model fuel economy (in city): 1500 or 1750 lbs 45.2 mpg 2000 lbs 39.6 mpg 2250 lbs 35.2 mpg 2500 lbs 31.7 mpg 2750 lbs 28.8 mpg 3000 lbs 26.4 mpg 3500 lbs 22.6 mpg 4000 lbs 19.8 mpg 4500 lbs 17.6 mpg 5000 lbs 15.9 mpg 5500 lbs 14.4 mpg 6000 lbs 13.2 mpg 6500 lbs 12.2 mpg 7000 to 8500 lbs 11.3 mpg Light Trucks 1500 or 1750 lbs 39.4 mpg 2000 lbs 35.2 mpg 2250 lbs 31.8 mpg 2500 lbs 29.0 mpg 2750 lbs 26.8 mpg 3000 lbs 24.9 mpg 3500 lbs 21.8 mpg 4000 lbs 19.4 mpg 4500 lbs 17.6 mpg 5000 lbs 16.1 mpg 5500 lbs 14.8 mpg 6000 lbs 13.7 mpg 6500 lbs 12.8 mpg 7000 to 8500 lbs 12.1 mpg

Author:	WWV [ Mon Nov 13, 2006 12:53 pm ]
Post subject:	List of vehicles at same website
Sorry, in my excitement I didn't read far enough. Need Jeep GC 2007 is listed but not Liberty. http://www.dieselforum.org/where-is-die ... in-the-us/ WWV

Author:	BiodieselJeep.com [ Mon Nov 13, 2006 1:11 pm ]
Post subject:
Why only the 2007 GC? The 2006 seems to meet the standards and the purchase timeline. Try it! Heck, does the used Jetta I bought this year count? Seems to.

Author:	Drewd [ Mon Nov 13, 2006 1:17 pm ]
Post subject:
You can pretty much kiss any tax relief goodbye given the recent election results. Hold onto your wallets, folks!

Author:	Cowpie1 [ Mon Nov 13, 2006 1:33 pm ]
Post subject:	Re: List of vehicles at same website
WWV wrote: Sorry, in my excitement I didn't read far enough. Need Jeep GC 2007 is listed but not Liberty. http://www.dieselforum.org/where-is-die ... in-the-us/ WWV From the initial info, it said vehicles meeting tier2 bin5 standards. The Liberty meets those. (open the hood and look and the info on rail). And since it also gets 25% or more better mileage than co?mparable weight vehicle, it should meet the criteria. It may not meet 2007 standards but the info stated vehicles purchased after 01/01/06. Therefore, the '06 libby purchased after that date should qualify. Did I read it wrong?

Author:	WWV [ Mon Nov 13, 2006 1:39 pm ]
Post subject:
That's what I read as well..... Then I looked at list and didn't see the Libby CRD. I'll dig further and I bet someone has investigated and will post later..... Could sure use the tax break! WWV

Author:	Jimbob [ Mon Nov 13, 2006 2:29 pm ]
Post subject:
We are not direct injection are we? and I thought the BIN was different?

Author:	Jimbob [ Mon Nov 13, 2006 2:32 pm ]
Post subject:
The link to ACEEE's List is attached http://www.aceee.org/transportation/taxcredits06.pdf

Author:	no-blue-screen [ Mon Nov 13, 2006 2:37 pm ]
Post subject:
Jimbob wrote: The link to ACEEE's List is attached http://www.aceee.org/transportation/taxcredits06.pdf That list doesn't make any sense. This is supposed to be a a clean diesel tax credit, but according to that list...every diesel on it has failed the emissions and does not have any credit available....typical government crap.

Author:	rs4mtnitro [ Mon Nov 13, 2006 4:51 pm ]
Post subject:
Drewd wrote: You can pretty much kiss any tax relief goodbye given the recent election results. Hold onto your wallets, folks! You must make more than $150 g's a year. I'm supprised you drive a KJ.

Author:	SteveInMD [ Mon Nov 13, 2006 5:12 pm ]
Post subject:
Drewd wrote: You can pretty much kiss any tax relief goodbye given the recent election results. Hold onto your wallets, folks! Because the government has been so financially responsible over the past 6 years???

Author:	Jeger [ Mon Nov 13, 2006 5:20 pm ]
Post subject:
Here we go going once Quote: Drewd You can pretty much kiss any tax relief goodbye given the recent election results. Hold onto your wallets, folks! going twice Quote: rs4mtnitro You must make more than $150 g's a year. I'm supprised you drive a KJ. going three times Quote: SteveInMD Because the government has been so financially responsible over the past 6 years??? BAM another LOCKED THREAD

Author:	WWV [ Mon Nov 13, 2006 5:42 pm ]
Post subject:
Locked thread!?! Drag.... I was hoping to get to the bottom of getting tax break on our CRD's not a political debate. Nuts and bolts pls! Not opinion or political agenda........ WWV

Author:	KenJennings [ Mon Nov 13, 2006 5:56 pm ]
Post subject:
WWV wrote: Locked thread!?! Drag.... I was hoping to get to the bottom of getting tax break on our CRD's not a political debate. Nuts and bolts pls! Not opinion or political agenda........ It isn't really an engineering or technical problem. The obstacles are a political problem falling somewhere between legislative and bureaucratic failure. Congress thinks they're helping us (and appeasing special interest environmental groups) by saying they're giving us tax breaks on buying environmentally-clean(er) diesel vehicles. However, the EPA's definition of clean diesel is the virtually unobtainable equivalent of Mr Clean swimming in a pool filled with bleach. The EPA makes this even harder to achieve by forbidding many reasonable, technical solutions (i.e. urea system), because the EPA believes vehicle owners smart enough to change the oil every few thousand miles are not smart enough to refill an emission control fluid more than once during the lifetime of the vehicle.

Author:	WWV [ Mon Nov 13, 2006 6:45 pm ]
Post subject:
thanks for feedback, but by their own initial explanation of a clean burning vehicle, doesn't our vehicle fit? How can the 07 jeep GC fit it then? 'cuse my ignorance. D

Author:	no-blue-screen [ Mon Nov 13, 2006 8:18 pm ]
Post subject:
Judging by that list, no pre-2007 Diesels will be eligable because they do not meet the emissions requirements. The 2007 and newer Diesels will be eligable since they will have additional emissions equipemnt to reduce the nox emissons. If I read into this correctly, this is really the hybrid tax credit and they have "alternative fuel vehicles" that fall under the guidelines. In other words a CNG powered vehicle from Honda. Current Diesels fall under this catagory, but, they just can't meet the t2b5 emissions requirements without the PMF and ULSD being the only thing available at the pump. I will not comment on the political discussion

Author:	kjfishman [ Mon Nov 13, 2006 9:33 pm ]
Post subject:	tier 10
WWV wrote: thanks for feedback, but by their own initial explanation of a clean burning vehicle, doesn't our vehicle fit? How can the 07 jeep GC fit it then? 'cuse my ignorance. D I think our CRD's are a tier 10 engine (don't ask what that means, I don't know) and doesn't qualify. No doubt not "clean" enough. What ever tier it belongs to we don't qualify. I guess we need to elect people from the green party so we have bio diesel readily avalable. And to drift off topic you don't need to make 150 k a year to get the current tax breaks. We are all paying less taxes.

Author:	Ranger1 [ Tue Nov 14, 2006 5:03 am ]
Post subject:
Allen Schaeffer of Diesel Technology Register commented on this last year sometime. When the bill was first introduced, current tier 2 bin 10 diesels were included. Then the Union of Concerned Scientists found out and lobbied strongly against diesels getting any tax credits. According to Allen, it was only by serious compromise that the bill inluded future tier 2 bin 5 diesels thanks to lobbying efforts by UCS against it. At the time the bill passed, no tier 2 bin 5 diesel vehicles existed anywhere in the world (and may not yet exist today in production) so it was effectively a hybrid-gas or cng tax credit only.

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