Hey -
Today I’m working on a story about clarification causing confusion. Lots of people are interested in combining state and federal tax credits to get a low speed electric vehicle for little or no cost.
For years the state has offered a 50% tax credit, but when interest in taking advantage of the credit suddenly shot up, the state Tax Commission decided to issue an emergency clarification saying that golf carts and vehicles primarily used for recreational purposes didn’t qualify.
Find out why that is stressing out buyers, dealers and the folks who do taxes tonight at 6:30.
In the meantime, consider the case of Ada Electric Cars.
Roger Gaddis sells a line of low speed electric cars made specifically to be used on public streets with a speed limit of 35mph or below. These are in fact street legal in Oklahoma. They are tagged and insured motor vehicles that come with all the safety equipment of any other car like seat belts, head and tail lights, blinkers and auto safety glass windshields. Do these vehicles qualify for the state electric car credit under the new rules, or are they excluded because they resemble a golf cart?