Quote:
Originally Posted by techwhiz1
That is correct but the income cap kicks in on all deliveries on or after Jan 1, 2023 from what I understand. The only transition for that is delivery before end of 2022.
It's all moot either I'll get it or I won't.
Discussing it won't change that.
I'm doubting delivery of any car by end of 2022.
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The transition rule allows orders with a written binding contract placed before the enactment of the law "to treat such vehicle as having been placed in service on the day before the date of enactment of this Act."
Which means that the order will be treated under the current law terms, not under the new law (income limits, US built, battery materials from US, tax credit is applicable at purchase, etc).