The Internal Revenue Service announced that while the phase-out of the tax credit for Toyota and Lexus hybrids continues, General Motors Corp. and Nissan hybrids still qualify for the full credit.
After reviewing Toyota Motor Sales USA Inc.’s first-quarter sales, the IRS said that purchasers of Toyota and Lexus vehicles may continue to claim the alternative motor vehicle credit. Based on the number of vehicles sold, the phase-out period for Toyota vehicles began in October.
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