Electrical Golf Cart -- Tax credit ??????

TenOC wrote:

pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.

The tax code does not have any logic. For example no tax brake for the renter who pays the landlord who get the deduction for the mortgage interest.

Those deductions get passed on to the renter. For example, if I couldn't deduct the interest and other expenses I incur owning and operating a park, I would have to pay $100,000+ additional taxes. That money would have to come from somewhere and since the park does around 10,000 camper nights, that would be an additional $10+ per night.

pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.

The tax code does not have any logic. For example no tax brake for the renter who pays the landlord who get the deduction for the mortgage interest.

pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.

I get a credit (write off) with my motorhome...its a pleasure item... :)

Yes, there used to be a tax credit. Gone now. Came about because the government wanted to subsidize electric vehicles and street legal golf carts slipped in. They tightened the rules, and carts no longer could qualify. Don't blame anyone for taking any legal deduction no matter how silly it seems on the surface, because you won't find the government ignoring any tax they can collect regardless of how stupid the tax comes about. Ask someone who has run afoul of some of the rules regarding transferring IRAs and 401Ks.
As for gas vs electric, there is a reason electric outsell gas by about 1000 to one. They are cleaner, require less maintenance, quiet, and generally the choice for everyone. The downside is they are a bit heavier and the batteries are expensive to replace. As for gas, the only advantage I can see is you can travel in a straight line forever, since you could refill at gas stations, whereas an electric requires a few hour charge.

Flapper wrote:
Ummm, there are tax credits for RV's - you can deduct the interest as part of the home mortgage deduction......

There is a tax deduction for home mortgage interest where a rv may qualify as a home. So if the electric cart qualifies as a vehicle might as well take advantage of it.

I say take every tax deduction or credit that is legal. We are not the ones that made the code so convoluted trying to social engineer or persuade us to take certain actions.

So based on some of the comments here only certain people in this country should use available tax credits when they are offered?

Ummm, there are tax credits for RV's - you can deduct the interest as part of the home mortgage deduction......

I guess if the golf carts were a tax credit - maybe the cost of the 6VDC GOLF CART BATTERIES would be also... We all could use four each T105's sooner or later...

Roy Ken

gcloss wrote:

pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.

While some may think Golf Carts are a pleasure item, many communities around the country are considered "Golf Cart Communities". I will be moving to Peachtree City Georgia in 4 years. Peachtree City is one of the largest Golf Cart communities in the USA with approximately 30,000 resident and 10,000 registered Golf Carts. Only electric Golf Carts are allowed.

Peachtree City is a well planned community with more than 100 miles of specialty roads for Golf Carts, where they are considered a major source of transportation. So why not have tax credits for Golf Carts?

why not tax credits for RVs? musical instruments? airplanes (I'd like that one)? other recreational equipment?

pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.

Wow. Are you sure the op doesn't need one due to a medical issue? I'm looking into purchasing one in a couple of years as I am now partially disabled and have issues walking around a campground. I still want to enjoy my camping and not just sit at my site. An electric golf cart is a great way to get around for those of us who are not blessed with perfect health.

I can agree that there should not be a tax rebate on one as they are generally used for work or pleasure.