Alternative Fuel and Fuel-Efficient Vehicle Tax Credit

The state provides an income tax credit of 35% of the vehicle purchase price, up to $2,500, for an original equipment manufacturer compressed natural gas vehicle registered in Utah. It also provides an income tax credit of 50% of the cost to convert a vehicle to run on propane, natural gas, or electricity, up to $2,500. Other new clean fuel vehicles that meet air quality and fuel economy standards may be eligible for a credit of $605, including certain electric and hybrid electric vehicles. These incentives expire December 31, 2014. See the Clean Fuel Vehicle Tax Credit website for eligible vehicles, restrictions, and additional information. (Reference House Bill 96, 2013, and Utah Code 59-7-605 and 59-10-1009)