"Clean vehicle" tax credit extended to natural gas and LPG conversions, raised to €2,300 when scrapping a pre-1992 car

Section D of Article 14 I of the 2002 Finance Act amends Article 200 quinquies of the General Tax Code. The income tax credit for buying or leasing a new electric or LPG vehicle is extended to natural gas vehicles and to the cost of converting petrol cars less than three years old to LPG by an approved operator. It rises to €2,300 when the purchase is accompanied by the scrapping of a car registered before 1 January 1992. These extensions apply to expenses paid in 2002 (from 1 November 2001 for LPG conversions).