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Democrats’ Bill Would Allow Auto Dealers to Claim Clean Vehicle Tax Credits Starting in 2024

Withum

Prior to the taxpayer electing to transfer their credit to the dealer, and no later than the time of sale, the dealer must disclose to the taxpayer the following items: The manufacturer’s suggested retail price (“MSRP”) The value of the credit allowed and any other incentive available for the purchase of such vehicle. Contact Us.

Tax 124
article thumbnail

Democrats’ Bill Would Allow Auto Dealers To Claim Clean Vehicle Tax Credits

Withum

Prior to the taxpayer electing to transfer their credit to the dealer, and no later than the time of sale, the dealer must disclose to the taxpayer the following items: The manufacturer’s suggested retail price (“MSRP”) The value of the credit allowed and any other incentive available for the purchase of such vehicle. Contact Us.

Tax 52