Utah Hybrid vehicle purchase Tax Incentives

State Hybrid HOV: Vehicles with clean fuel group license plates are authorized to travel in HOV lanes regardless of the number of occupants. The clean fuel plate may be purchased for $10 from any Motor Vehicle Division office by presenting a clean special fuel certificate. This incentive expires December 31, 2005. For more information, please contact the Utah State Tax Commission's Motor Vehicle Division at (800) DMV-UTAH or (801) 297-7780, or visit the Web site at dmv.utah.gov/licensespecialplates.html. (Reference Utah Code 41-1a-1211, 41-6-53.5, and 63-55-241).
Limited State Tax Credit: The state provides an income tax credit for 50% of the incremental cost ($3,000 maximum) of a clean-fuel vehicle built by an OEM and/or an income tax credit for 50% of the cost ($2,500 maximum) of the after-market conversion of vehicles purchased after January 1, 2001 and registered in Utah. If not previously used, the tax credit on used vehicles may be claimed. Tax credits are available for businesses and individuals and may be carried forward up to five years. Tax credits are not available for electric hybrids, except the Honda Civic hybrid. Documentation must be provided as described in the Utah state tax form TC-40V. For more information, please contact Ran Macdonald of the Utah Division of Air Quality via email at [email protected]. (Reference Utah Code 59-7-605 and 59-10-127).
Salt Lake City Hybrid Free Parking: As of January 2006, Salt Lake City now offers free metered parking for vehicles that get at least an EPA-estimated 50mpg.
Business Loans and Grants for Hybrid Vehicle Purchase (bill): Clean Fuels Conversion and Vehicle Technology Program to allow business purchasing hybrid vehicles to be eligible to apply for loans or grants from the state Clean Fuels and Vehicle Technology Fund. 3rd reading in House Rules Committee 2/13/05.