May 3, 2007
Toyota and Lexus Hybrids: Phase-Out of Credit for Toyota and Lexus Hybrids Continues With Reporting of First Quarter Sales
After reviewing Toyota Motor Sales USA, Inc.’s, 2007 first quarter sales, the Internal Revenue Service announced that purchasers of Toyota and Lexus vehicles may continue to claim the Alternative Motor Vehicle Credit. Based on the number of vehicles sold, the phase-out period for Toyota vehicles began on Oct. 1, 2006.
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