Does anyone know if the purchase of a Smart is considered one of the type of vehicles for the Federal Government Car Allowance Rebate System or the Ultra Low Emissions Vehicle (ULEU), which EPA considers a "Smartway Vehicle"? I was wondering if, because it gets such good gas mileage, it would fall under the category for a tax deduction. I know a lot of people who own their Smarts are getting a wide variety of differences on their mileage, but I personally have been ranging between 48 - 51 mpg. I have learned, it's all in the way you drive (i.e., how fast, how hot, and go by the instructions in the book regarding accelleration). I live in Phoenix Arizona. It doesnt get any hotter than here - regardless of the humidity. We have reached our high this year at 118 so far, and our summer has just begun. I find I get less mileage when the temps start out at 100 degrees at 10 am. If anyone knows of the tax law infor, please pass it on. I would like to know before I have to go and file taxes in April of next year. Thanks for all your input!
Just to clarify a little, I am NOT talking about the recent rebate program the Government just started and then back tracked on. I AM talking about any kind of tax relief for when you file your Federal taxes. I understand each State will be different. If I remember correctly, there was some "talk" about anyone who purchased an economically sound vehicle (like a hybrid) would receive some kind of tax deduction on their income taxes. I was wondering if the Smart would fall in that catigory?