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Old 07-18-2007, 08:37 AM
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tanstaafl14 tanstaafl14 is offline
Pretty Darn Active Enthusiast
 
Real Name: Dave
Location: Deep in the heart of Florida
Hybrids: A pair of HCH2s
Posts: 351
Default Re: $1000 tax rebate in on Hybrids for IL residents!

So the state govt. will be gouging you a little less -- for awhile. Then, when gasoline tax revenues drop way off as a result of all those hybrids on the road, they'll either raise that tax or raise the income tax rate. Probably both.

Also, according to the article you have to take out a loan to get the rebate. So if you lease, pay cash up front or get the loan from AAA or any other "non-participating" institution, you're screwed.

While I was glad to get the federal tax credits for our HCHs, I was equally glad not to get a state tax rebate -- because we have no state income tax!

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