Quote:
Originally Posted by cruiseguys
Well that is great news it would seem. Income limits, price limits, etc wouldn’t apply for a vehicle purchased and delivered before Jan 1 2023, correct?
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Correct. Pretty much what TB has said all along. Bill being signed into law today would just require vehicles be made in NA to qualify for tax credit.
Next up is whenever guidance is issued by the Secretary or until 12/31/22 whichever comes first for battery requirements to take effect (hoping it’s 12/31/22)
After that 1/1/23 is when income limits, price caps, and the rest take effect unless you’re one of those who’ve put down a minimum of 5% as non-refundable deposit to make a binding contract prior to bill being signed today then you can partake in transitionary rule.