View Single Post
  #6 (permalink)  
Old 02-11-2008, 04:21 PM
mtberman's Avatar
mtberman mtberman is offline
Hybrid Hoon
 
Real Name: Terry
Location: Denver CO
Hybrids: 2008 FEH
Posts: 335
Default Re: Colorado Credits Updated

Actually, most will get the full amount, just not all at once. Unlike the Federal credit, any entitlement not used in the current year is carried forward and may be used against next year's tax, and again the following year and so on, up to five years.

Anyone who can afford a 600h is likely making over $100K per year and liable for $3500 or more per year in State income tax.

True, most will not get the full amount this year but higher income taxpayers can easily use it all in 3 or 4 years.
Reply With Quote