Hi Folks,

<i>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.</i>

My interpretation of this is that buyers actually have over a quarter
AFTER the 60K limit is hit by a manufacturer to take advantage of the
full tax credit. Thus, in practice, the full credit applies to
something over 60K vehicles from the same manufacturer. So, until the
IRS actually announces a particular manufacturer has sold 60K
qualifying vehicles + up to 2 quarters minus one day, you can still get
the full credit.

Agree? Disagree?

Also, a question: what date is used to determine qualification for the
credit? The date of purchase or the in-service date (which could be the
same, but not necessarily)?

Tnx,

C