When employees use business cars for personal use, the value of the personal use is generally considered taxable income to the employees. However, there’s no tax if the vehicle is a so-called “qualified nonpersonal use vehicle.” Under new proposed regulations from the Internal Revenue Service, "clearly marked" public safety officer vehicles would be added as a new type of qualified nonpersonal use vehicle. That means, for example, that public safety officers and other first responders would be able to take their vehicles home tax-free. What’s more, they don’t even have to be employed by a police or fire department to qualify for the tax-free treatment—as long as the vehicles are clearly marked.
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