Zero Emission Vehicle (ZEV) Tax Credits

The Federal tax credit is $7,500 on a new zero emission vehicle like a Nissan Leaf which is a 100% electric vehicle. The credit is calculated on form 8936. The Georgia tax credit is 20% of the cost of the new or leased vehicle to a max of $5,000.  You have to attach a ZEV certification form which you get from the dealer to your GA tax return to claim the credit. There is no federal credit carryforward; you can only use the credit against the current year tax, but Georgia allows a five year carryforward.