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Tax Cuts Eyed for Environment-friendly Cars

Written: 2004-10-15 00:00:00Updated: 0000-00-00 00:00:00

The government is offering a 50-percent cut in special taxes for environmentally friendly diesel-powered cars set to be introduced beginning next year.

The tax incentive is part of the revised tax code which will be promulgated on Friday.

The new law will take effect on Saturday.

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