Arizona Offers Motorists Tax Incentives for Alternative Fuel Use

2 September 1999

ADVISORY/Arizona Offers Motorists Tax Incentives for Alternative Fuel Use

    --Sept. 1, 1999--

    TOPIC: Arizonans who purchase a new, alternative fuel-powered vehicle can receive a tax credit of up to $5,000 or 30 percent of the vehicle's total cost, due to legislation passed by the state government. The tax credit is applied as a reduction to the annual income tax bill, not a refund, and may be "carried forward" for five years if any credit dollars remain unused. While such incentives are tempting, the lack of alternative fuel stations poses a problem to the program's success.

    EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

    Steven Oshinsky is president and GM of CoPower.com. He is an expert in renewable energy. 561/338-3390 SteveO@CoPower.com

    Harvey Michaels is chairman, CEO and founder, Nexus Energy Software. Michaels in an expert in energy efficiency. He is also the founder of ENERGYguide.com 617/520-9112 mcgrath@collaborative.com

    Joe Ivers is senior director of customer service research, J.D. Power and Associates. Joe Ivers is an expert on trends in the automotive industry. 818/707-9851 Joe.Ivers@jdpower.com, john.pepitone@jdpower.com

    Craig Goodman is president of The National Energy Marketers Association. He is an expert on energy issues and natural gas. 202/333-3288 cgoodman@bellatlantic.net

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

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