Street-legal electric golf carts qualify for a juicy federal income tax credit.

Typical credits range between $4,000 and $6,000 for vehicles that IRS

has approved. These neighborhood electric vehicles get a base credit of $2,500

plus an extra amount depending on the capacity of the battery. In many cases,

the tax credit available is more than half of the vehicle’s cost. Buyers can rely

on manufacturers’ credit certifications. Eligible carts meet U.S. safety standards

and can be driven on roads with posted speed limits of up to 35 miles per hour.

Although the carts can be used on golf courses, the plug-in electric vehicle credit

can be taken because they are manufactured primarily for use on public highways.

From The Kiplinger Tax Letter

If you are interested in purchasing a golf cart, check with dealers for the purchase of new golf carts that qualify for the credit. Make sure the dealer has a letter from IRS stating the amount of credit available. Check this WEB page to see what one dealer is promoting. See their tab on Tax Credits.

From Club Car’s Web page:

“Club Car Announces First Low-Speed Passenger Vehicle

Qualified buyers can receive federal tax credits amounting to nearly half of the cost of the energy-efficient LSV.”