• Daynebutter@alien.topB
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    10 months ago

    Has anyone tried to use the IL credit for a lease buyout? I was wondering if it was possible since the requirements state that it must be for a new or used vehicle, but not for leased. However, when one does a buyout, isn’t it considered used?

    I was thinking this would be a good way to take advantage of both the lease tax credit and the IL tax credit for EVs like the Volvo EX30 that don’t qualify for the non-lease credit.