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2007 and newer Chevrolet Tahoe and GMC Yukon

3125 messages, Last post on Nov 27, 2009 at 6:32 PM
You are in the Chevrolet Suburban & Tahoe Forum. Your Hosts are steve_ & tidester
Quick question: Does the '07 Tahoe with it's E85 capability qualify as a "Clean Fuel" vehicle on federal taxes?
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Replying to: narg (Feb 23, 2006 9:40 am)
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Replying to: ahightower (Feb 23, 2006 7:14 am) |
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Replying to: pierceman (Feb 23, 2006 9:22 am) |
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Replying to: ahightower (Feb 23, 2006 7:14 am)
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Replying to: slightbo (Feb 23, 2006 7:50 pm) Tips, hints, forum pointers? (<--mostly talking about the 1500 loyalty thing) Edit: Forgot to add why I posted this in the Tahoe topic. I saw the Avalanche on the InsideLine Chicago auto show section, and realized that the front 1/2 is basically identical to the Tahoe, and the rear lower half is pretty much Suburban (including suspension setups). Wanting to get a better idea of what it was going to be like on lots but not wanting to wait for them to actually hit the lots first, and wanting to see the various '07 colors and interiors, I checked out my local dealers and saw vehicles ranging from an SLT trimmed Yukon and a Tahoe LTZ to a variety of Tahoe LTs. Both of the upper trim vehicles were fully loaded, including backup cams, nav, DVD, sunroofs, etc. And both were white with the gray colored interiors. After getting a good look inside and playing with some of the features I found I would actually consider ordering a Tahoe. The only reason I don't is that I occasionally need to haul something, but I found out how uncomfortable I become sticking rough materials in the interior of my finely finished machines back with my Trailblazer (which is when I traded it for my truck). The Silverado, while great, is a bit long, especially considering that I don't tow or haul nearly as often as I just tote family from place to place or simply drive it to and from work. It doesn't hurt that the new vehicles are much nicer than the last generation all around, either. So it's Avalanche for me now.
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Replying to: jerrywimer (Feb 24, 2006 5:15 am) |
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Replying to: sebring95 (Feb 23, 2006 9:52 am) http://www.fueleconomy.gov/feg/tax_afv.shtml The U.S. federal tax code defines "clean-fuel" vehicles as motor vehicles designed to be propelled by one of the following fuels: * Natural gas * Liquified natural gas (LNG) * Liquified petroleum gas (LPG) * Hydrogen * Electricity (e.g., some gasoline/electric hybrids) * Any other fuel that is at least 85% alcohol or ether (e.g., E85) It appears that the Tahoe DOES qualify as a clean fuel vehicle. I was thinking like you originally, but the tax forms this year did have a seperation on hybrids, which prompted me to research it. In that web page you'll find that any "E85" vehicle does qualify for the $2000 tax benifit. But that is only up till the end of 2005. We'll have to wait and see if it is true in 2006 also. Then there's the other issue of actually finding E85 fuel. In my town some rural areas 100 miles out have it, but I've yet to see it for sale in town. Oh well. Chevy Rocks!
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Replying to: narg (Feb 25, 2006 8:46 am) The deduction is equal to the cost of the vehicle's engine, the equipment used to store or deliver the fuel, and the equipment used to exhaust combusted gases, up to a maximum of $2,000 for vehicles places in service by the end of 2005. The IRS site explains this slightly better: IRS 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. How much does GM charge you for their flex-fuel engine? The answer has always been...nothing. How many 2007 Tahoes were sold in '05? None. From what I've read of the law effective after 12/31/05, E85 flex-fuel vehicles won't even be considered an "alternative fuel vehicle" because they can operate on gasoline. Of course, that requires reading through the 139 page document found here House technical review And no I don't sit around reading this stuff for the forums benefit. This is apart of my profession, so to speak.
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Replying to: sebring95 (Feb 25, 2006 9:55 am) Besides, reviews don't make tax law. Most taxes are based on suggestion rather than law. If there's a way, it will be found. Think positive sebring, postive.
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