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EV news from ICE companies
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Kooiker
Posted 6/9/2023 18:39 (#10263507 - in reply to #10263277)
Subject: RE: EV news from ICE companies



Ed Boysun - 6/9/2023 14:37

Glad to hear the Bolt is working for you guys.
Frankly, I'm at a loss to figure out why farmers, of all people, use the fact that something qualifies for a tax credit to justify being against them. Pickups, tractors, combines, many cars, and a whole bunch of other stuff is eligible for Sec. 179 tax reduction on income taxes. I wonder if we called the EV tax credit something like Sec. 180, would then make it OK to apply to an EV and take a few bucks off the amount owed to the IRS?





Please tell me you do know the difference between a tax deduction (expense) and a tax credit.    


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