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IRS Certifies 2007 Nissan Altima Hybrid

Created January 12, 2007, at 1:00 am by asian brad

Issue Number: IR-2007-008
Inside This Issue

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2007 NISSAN ALTIMA CERTIFIED AS QUALIFIED HYBRID VEHICLE

WASHINGTON — The Internal Revenue Service has acknowledged the certification by Nissan North America, Inc., that its 2007 Nissan Altima Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle.

The credit amount for the hybrid vehicle certification of the 2007 Nissan Altima Hybrid is $2,350.

Consumers seeking the credit may want to buy early since the full credit is only available for a limited time. Taxpayers may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the manufacturer records its sale of the 60,000th vehicle. For the second and third calendar quarters after the quarter in which the 60,000th vehicle is sold, taxpayers may claim 50 percent of the credit. For the fourth and fifth calendar quarters, taxpayers may claim 25 percent of the credit. No credit is allowed after the fifth quarter.

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Collin Burnell
Senior Member

4 years ago

Does anyone know if a Leasee (of an Altima Hybrid) qualifies to receive the Tax Refund? From what I can tell, the Leasing company may or may not take the credit.

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langjie
Senior Member

4 years ago

Collin Burnell;11622 wrote:
Does anyone know if a Leasee (of an Altima Hybrid) qualifies to receive the Tax Refund? From what I can tell, the Leasing company may or may not take the credit.

you have to buy the car to take the credit, you don't qualify if you lease

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