Illinois Hybrid vehicle purchase Tax Incentives

State Tax Credit for Hybrids (bill): H.B. 4163 would grant a $500.00 state tax credit for hybrid vehicles in tax years 2007 and 2008. Referred to Rules Committee on 10/27/05.
Tax Credit in Governor's Budget (bill): Governor Blagojevich has proposed a $500 tax credit for buyers who purchase highly fuel efficient automobiles in his 2006 budget request. Vehicles must meet a standard of 35 miles per gallon for gas or diesel vehicles and 25 mpg for flexible-fuel vehicles. Qualifying hybrids include Toyota Prius, Honda Insight, Honda Civic Hybrid, and Ford Escape Hybrid (front-wheel drive).


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