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Does the Alternative Minimum Tax (AMT) impact the alternative motor vehicle credit?

April 26, 2017alternative AMT credit energy impact minimum motor tax the newsroom vehicle

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Does the Alternative Minimum Tax (AMT) impact the alternative motor vehicle credit?

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A. Starting in 2009, the new law allows the alternative motor vehicle credit, including the tax credit for purchasing hybrid vehicles, to be applied against the alternative minimum tax. Prior to the new law, the alternative motor vehicle credit could not be used to offset the AMT.