The Internal Revenue Service said that certain lean-burn technology vehicles now qualify for the alternative motor vehicle tax credit.

Previously, the IRS had only certified hybrid vehicles and alternative fuel vehicles for the credit, but now some advanced lean-burn technology vehicles, which typically run on diesel fuel, have also been certified. These include the 2009 Volkswagen Jetta 2.0L TDI sedan and 2009 Volkswagen Jetta 2.0L TDI SportWagen, which both qualify for a $1,300 credit; the Mercedes GL320 BlueTEC, which qualifies for an $1,800 credit; the Mercedes R 320 BlueTEC, which qualifies for a $1,550 credit; and the Mercedes ML 320 BlueTEC, which qualifies for a $900 credit.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access