Fuel Cell Motor Vehicle Tax Deduction

A taxpayer is eligible for a $2,000 tax deduction for the purchase of a qualified fuel cell motor vehicle placed into service before January 1, 2015. The taxpayer must have claimed the federal alternative motor vehicle credit under Section 30B of the Internal Revenue Code using Internal Revenue Service Form 8910 during the current tax year to be eligible for the Iowa state deduction. (Reference Iowa Code 422.7)