I had a talk with my tax attorney and she looked up the statute. It applies to cars which are primarily powered by an electric motor and advises me to take the credit and let the government argue otherwise. An article last week in the Fort Worth Star-Telegram quoted the Vice President of Toyota America as saying that Americans would be able to take the credit up to $2,000.00. Please note that is a tax credit, not just a deduction.<br>DEC

Dan:<br><br>I see you are in the Fort Worth area. Do you have your car already? Which dealership are you working through?<br><br>Paul<br><br>(Day 114 and waiting)

I've put in the "Links" section this URL:<br><a href=http://ftp.fedworld.gov/pub/irs-pdf/f8834.pdf target=new>http://ftp.fedworld.gov/pub/irs-pdf/f8834.pdf</a><br>which is a PDF version of Form 8834--use according to the instructions in the other IRS link to claim up to $2000 credit on your Y2000 purchase of a "Qualified Electric Vehicle"--which an IRS person had indicated would probably include the Prius!<br>Good Luck!<br>Eric in Enfield, Maine, P minus 17 days!

Thanks! EOM

The Honda Insight webpage (insightcentral.net) talks about this, too. It discusses the IRS tax credit guidlines than states:<br>Contradicting this, the U.S. Dept. of the Treasury's General Explanations of the Administration's Fiscal Year 2001 Revenue Proposals says that "No generally available income tax credit for the purchases of hybrid vehicles is available currently." In light of the "clean-fuel properties" incentive, though, this statement appears to be incorrect.<br><br>So it looks like, as of now, a tax credit is unavailable but being debated...