Legend Nissan

268 Jerricho Turnpike
Syosset, NY 11791
Phone: 516-496-8181
Fax: 516-496-8181

$2,350 Tax Credit at Legend Nissan

Federal Hybrid Tax Credits

The Internal Revenue Service (IRS) has acknowledged the certification by Nissan North America, Inc. (NNA) that the 2007 Nissan Altima Hybrid qualifies for federal tax credits in the amount of $2,350. The Energy Policy Act of 2005 established federal tax credits for qualified hybrids purchased after January 1, 2006. The credit was designed to encourage purchases of fuel-efficient hybrid-electric vehicles that help to reduce air pollution and use less gasoline.

Eligible Vehicles

As of December 22, 2006, the IRS acknowledged NNA?s certification for the 2007 Nissan Altima Hybrid and the hybrid vehicle credit in the amount of $2,350. 2007 Nissan Altima Hybrid IRS Certifi cation Letter and supporting documentation.

Additional Information

For additional information about the hybrid tax credits, please visit one of these 3rd party sites:

Internal Revenue Service (IRS)
(Summary of the Credit for Qualified Hybrid Vehicles)
Fuel Economy.gov (Tax Incentives Information Center)
U.S. Department of Energy (Tax Breaks

How to Qualify for the Tax Credit

1) The Hybrid vehicle must be new. Used vehicles will not qualify.
2) The Hybrid vehicle must be purchased. The credit is only available to the original purchaser. If the vehicle is leased to a consumer, the leasing company may claim the credit, not the lessee.
3) The Hybrid vehicle must be placed in service on or after January 1, 2006 and purchased on or before December 31,2010.
4) The tax credit is claimed by the purchaser on their federal income tax return. The purchaser must retain appropriate documentation showing the purchase of the vehicle and the date of the delivery of the vehicle.
5) Benefi t of the credit will be substantially reduced or eliminated if the purchaser is subject to the federal alternative minimum tax (AMT).

Credit Amounts for Other Cars
The following hybrid tax credit amounts have been certified by the IRS as of December 2006:

This summary does not constitute tax advice. All persons considering the use of this hybrid vehicle tax credit should consult with their own tax professional to determine the specific amount of benefit, if any, that they may be able to claim on their federal income tax returns. Your tax professional may also have information on possible state and local tax incentives that may be available to Hybrid vehicle owners. Under current law, owners of hybrid vehicles are eligible for additional tax relief credits. This information is based on the federal income tax law in effect in January 2007, and may be changed, without notice, by later changes to the tax law or further action by the IRS.