Colorado Giving Huge Tax Breaks on Hybrids

If you live in Colorado and are interested in buying a hybrid, you have until the end of this year to qualify for a huge tax break.

colorado has been giving a tax credit of up to 85% of the difference between the cost of a car that runs on alternative fuel and one that runs on regular gas.

To take this tax break to the extreme, you could buy a $100,000 Tesla Roadster and get a tax break of $42,000. If you buy a Lexus LS 600h, you would get a $20,000 tax break.

Tesla will begin selling their electric car in Colorado next month and the tax rebate is available until December 31, 2009.

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