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U.S. Clean Fuel
Tax Deductions
You are allowed a limited deduction for the cost
of clean-fuel vehicle property and clean-fuel vehicle refueling property you
place in service during the tax year.
Clean-burning fuels:
The following are clean-burning fuels:
Deduction for Clean-Fuel
Vehicle Property.
The deduction for this property may be claimed regardless of whether the
property is used in a trade or business.
Clean-Fuel Vehicle
Property
Clean-Fuel Vehicle Property is either of the
following kinds of property.
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Any property installed on a motor vehicle
(including installation costs) to enable it to be propelled by a
clean-burning fuel.
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The property is an engine (or modification of
an engine) that can use a clean-burning fuel, or The Property is used to
store or deliver that fuel to the engine or to exhaust gases from the
combustion of that fuel.
For vehicles that may be propelled by both a
clean-burning fuel and any other fuel, your deduction is generally the
additional cost of permitting the use of the clean-burning fuel.
http://www.irs.gov/businesses/article/0,,id=175456,00.html
http://www.irs.gov/newsroom/article/0,,id=157557,00.html
http://www.irs.gov/irb/2006-26_IRB/ar13.html
http://www.irs.gov/irb/2007-23_IRB/ar08.html
http://www.irs.gov/businesses/corporations/article/0,,id=202341,00.html
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