Federal Hybrid Vehicle Tax Credits
The Internal Revenue Service (IRS) has acknowledged the certification by Nissan North America, Inc. (NNA) that the 2008 Nissan Altima Hybrid qualifies for federal tax credits in the amount of $2,350. The Energy Policy Act of 2005 established federal tax credits for qualified hybrids purchased after January 1, 2006. The credit was designed to encourage purchases of fuel-efficient hybrid-electric vehicles that help to reduce air pollution and use less gasoline.

How to qualify for the tax credit:
1) The Hybrid vehicle must be new. Used vehicles will not qualify.
2) The Hybrid vehicle must be purchased.
a) The credit is only available to the original purchaser. If the vehicle is leased to a consumer, the leasing company may claim the credit, not the lessee.
3) The Hybrid vehicle must be placed in service on or after January 1, 2006 and purchased on or before December 31, 2010.
4) The tax credit is claimed by the purchaser on their federal income tax return. The purchaser must retain appropriate documentation showing the purchase of the vehicle and the date of the delivery of the vehicle.
5) Benefit of the credit will be substantially reduced or eliminated if the purchaser is subject to the federal alternative minimum tax (AMT).
Eligible Vehicles

As of August 7, 2007, the IRS acknowledged NNA’s certification for the 2008 Nissan Altima Hybrid and the hybrid vehicle credit in the amount of $2,350.
Please visit the website link “Click here for the IRS Certification of 2008 Nissan Altima Hybrid” for more information.

In short - a leased Nissan Altima Hybrid does not qualify for a tax credit. But at least you are doing your part in saving gas.