Utah's Income Tax Credit for cleaner burning fuel vehicles is 50 percent of the incremental cost of the vehicle up to $3,000 for OEM (factory-built) vehicles and 50 percent of the after-market conversion cost up to $2,500. The credit applies to vehicles purchased after January 1, 2001 and before January 1, 2006 that are registered in Utah. The vehicle must be fueled by propane, natural gas, or electricity; or other clean burning fuels, including hydrogen or fuels that are at least 85% alcohol or ether. The Utah Tax Commission manages tax credits (801-297-7705 or 800-662-4335, ext. 7705.) Request form TC-40 V.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Utah |
| Incentive Type: | Corporate Tax Credit |
| Web Site: | http://www.energy.utah.gov/altfuels/incentives.htm |
| Administrator: | Utah State Tax Commission |
| Start Date: | 1/1/01 |
| Eligible Renewable/Other Technologies: |
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| Incentive Amount: | 50% |
| Maximum Incentive: | $3,000 |
| Name: | Utah Code Ann. § 59-7-605 |
| Effective Date: | 1/1/01 |
| Expiration Date: | 12/31/05 |
| Name: | Information Specialist - Tax Commission |
| Organization: | Utah State Tax Commission |
| Address: |
210 North 1950 West Salt Lake City UT 84134 |
| Phone: | (801) 297-2200 |
| Email: | taxmaster@utah.gov |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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