sonnylax
Well-known member
This is purely economic play.
The $5k GA Tax Credit Incentive is very, very strong. The financial incentive to drive this car as a GA taxpayer is very hard to turn down. I'm literally driving this car for free minus a little bit of monthly electricity payments to GA Power.
When it was added to the tax laws, I don't think the State of GA or the Lawmakers could ever envision a situation where some people where taking advantage of this tax credit multiple times. I also think there was a loophole as the tax law applied to ZEV leases, not straight outright purchases.
I don't mind them curtailing the tax credit by either limiting it to one time per taxpayer/SS number. (One time per 5 year period, might fly as well.) I think they might try to tweak the lease benefit and make it only applicable to ZEV purchases.
I was very surprised that the law stayed on the books for another year. I seriously doubt it will make it beyond March, 2015 - in it's current format.
The $5k GA Tax Credit Incentive is very, very strong. The financial incentive to drive this car as a GA taxpayer is very hard to turn down. I'm literally driving this car for free minus a little bit of monthly electricity payments to GA Power.
When it was added to the tax laws, I don't think the State of GA or the Lawmakers could ever envision a situation where some people where taking advantage of this tax credit multiple times. I also think there was a loophole as the tax law applied to ZEV leases, not straight outright purchases.
I don't mind them curtailing the tax credit by either limiting it to one time per taxpayer/SS number. (One time per 5 year period, might fly as well.) I think they might try to tweak the lease benefit and make it only applicable to ZEV purchases.
I was very surprised that the law stayed on the books for another year. I seriously doubt it will make it beyond March, 2015 - in it's current format.