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Tax Credit Model Y

I’m upgrading from a Model 3. I have a Model Y on order. It was supposed to be delivered in June. I received notification that it is ready early for delivery in early January. Does anyone know if build back better is passed after I take delivery will it cover the entire 2022 tax year? Or will it only cover vehicles that are purchased after it’s passage? I’m trying to determine if I try to push out delivery or keep it as scheduled.
 
Solution
At this time no one can know what may actually pass in terms of new tax credit for EVs, if any version does pass. There have been draft versions that make the tax credit retro-active to 1/1/22 while another version would make the tax credit only apply from the date the bill becomes law (i.e., approved by congress and signed by the President).

Ron J.

MY LR, Blue-Bk, OD 9/30/21 - Delivered 5/26/22
Nov 20, 2021
299
348
Fort Myers, FL
At this time no one can know what may actually pass in terms of new tax credit for EVs, if any version does pass. There have been draft versions that make the tax credit retro-active to 1/1/22 while another version would make the tax credit only apply from the date the bill becomes law (i.e., approved by congress and signed by the President).
 
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Solution

BGOwner

OD:8/31|PD:11/1|MYLR5|MSM/BLK|19”|DD: 5/20
Nov 1, 2021
1,663
1,802
Buffalo Grove, Il
I’m upgrading from a Model 3. I have a Model Y on order. It was supposed to be delivered in June. I received notification that it is ready early for delivery in early January. Does anyone know if build back better is passed after I take delivery will it cover the entire 2022 tax year? Or will it only cover vehicles that are purchased after it’s passage? I’m trying to determine if I try to push out delivery or keep it as scheduled.
Not really possible to say. IF, it passes, my guess is it will be effective Jan 1, 2022 as written in the latest draft of the BBB
 
Upvote 0
At this time no one can know what may actually pass in terms of new tax credit for EVs, if any version does pass. There have been draft versions that make the tax credit retro-active to 1/1/22 while another version would make the tax credit only apply from the date the bill becomes law (i.e., approved by congress and signed by the President).
Thank you! I couldn’t find that information anywhere I looked. This helps me realize I’m making the right decision to pause my order because it’s still up in the air.
 
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