New Jersey Hybrid Car Tax Incentives

New Jersey Turnpike Hybrid HOV:

Allows Hybrids to use the Turnpike HOV lanes regardless of number of passengers. *Please see the New Jersey Turnpike website for more information http//www.state.nj.us/turnpike*

Sales Tax Exemption *bill*:

S 2074 & AB 3193 would exempt the sales tax on vehicles achieving a combined city/highway MPG rating of 35. *Diesel vehicles not included in this incentive*

Plug in Hybrid Sales Tax Exemption *bill*:

AB 3721 & S1921 would exempt tax on all labour and tools needed to convert a motorized vehicle into a plug in Hybrid vehicle.

Hybrid Income & Business Tax Credit *bill*:

SB 749 Qualified Hybrids would receive a $2000 credit against the gross income and corporation business taxes. *Only Hybrids registered in New Jersey would qualify*

 

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