Country:United States
Policy status:Ended
Date Effective:2006
Date Ended:2010
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Transport, Energy Sector
Agency:Department of Treasury, Internal Revenue Service (IRS)
URL: (ARRA 2009)
Legal References:American Recovery and Reinvestment Act of 2009, Sec. 1143

The Advanced Lean Burn Vehicle Tax Credit is one the Internal Revenue Services Alternative Vehicle Tax Credits established in the Energy Policy Act 2005, Section 1341. This credit is available for qualified light-duty HEVs and advanced lean burn technology vehicles placed in service after 31 December 2005. The credit begins to phase out in the second quarter following the calendar quarter in which at least 60,000 of a manufacturers lean burn (and/or qualifying HEVs) passenger automobiles and light trucks have been sold.

Last modified: Mon, 19 May 2014 15:29:22 CEST