Do tax credits eliminate taxes all together or reduce the amount of tax? Thank you for your help.
Tax Credit does not eliminate taxes. It reduces it. In state of Texas, it goes from 6.25% to 1.00 % or 1.25% depending on the brand.
Thank you so much! And in TX it’s based on SP before rebates? Example
40000 msrp
36000 sp
1% on the 36k or 360 added to deal!
SP after rebates.
$50,725 MSRP
$45,000 Sales Price
$5,000 Rebate (Not Taxed)
1.25% on 40k or $500 added to the deal.
Thank you again. I really appreciate it
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Happy to help 
Are tax credits available on purchases as well or just when leasing? Thank you for the help!
Just leasing