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Started By
Message
re: Flex Fuel Vehicle Tax Deduction
Posted on 2/6/12 at 8:52 am to DuckSlayer22
Posted on 2/6/12 at 8:52 am to DuckSlayer22
I finally got a response from the LA dept of Revenue. Below is their response to my email:
There is a credit given to taxpayers who purchase an alternative fuel vehicle. The credit can be taken on Schedule F code number 71F. The credit can be 10% of the cost of the vehicle or $3000.00 whichever is less. You will have to provide a copy of the purchase and the vehicle must be registered in the state.
Thanks,
-----Original Message-----
From: personal.inquiries@la.gov [mailto:personal.inquiries@la.gov]
Sent: Thursday, January 26, 2012 10:18 AM
There is a credit given to taxpayers who purchase an alternative fuel vehicle. The credit can be taken on Schedule F code number 71F. The credit can be 10% of the cost of the vehicle or $3000.00 whichever is less. You will have to provide a copy of the purchase and the vehicle must be registered in the state.
Thanks,
-----Original Message-----
From: personal.inquiries@la.gov [mailto:personal.inquiries@la.gov]
Sent: Thursday, January 26, 2012 10:18 AM
3
Posted on 2/6/12 at 9:50 am to DuckSlayer22
Who says reading Tigerdroppings doesn't pay? I use turbo tax and this deduction was not disclosed. Thanks for making this known!
Posted on 2/6/12 at 5:35 pm to DuckSlayer22
Same answer I gave you two weeks ago.
Posted on 2/6/12 at 9:09 pm to tigeryat
I also provided the actual statute 
Posted on 2/7/12 at 8:29 am to iknowmorethanyou
Bookmarked. Thanks fella's!
Posted on 2/7/12 at 8:33 am to DuckSlayer22
quote:
There is a credit given to taxpayers who purchase an alternative fuel vehicle. The credit can be taken on Schedule F code number 71F. The credit can be 10% of the cost of the vehicle or $3000.00 whichever is less. You will have to provide a copy of the purchase and the vehicle must be registered in the state.
Just to clarify, are flex fuel vehicles considered "alternate fuel vehicles"?
Posted on 2/7/12 at 11:42 am to socks and sandals
For purposes of the credit, yes.
Posted on 2/7/12 at 11:47 am to iknowmorethanyou
quote:
For purposes of the credit, yes.
Wow. TD just saved me 3k on my taxes. I feel obligated to pay Chicken a portion of my savings...
Posted on 2/7/12 at 11:50 am to socks and sandals
You can PayPal Yat and myself $50 a piece for being your Ambassadors of Kwan.
Posted on 2/7/12 at 12:02 pm to iknowmorethanyou
quote:
You can PayPal Yat and myself $50 a piece for being your Ambassadors of Kwan.
Sending it now!
Posted on 2/7/12 at 12:34 pm to socks and sandals
any classification on how much "alternative" fuel it must use?
I have an ecoboost f150 and it can handle up to E10
is this enough?
I have an ecoboost f150 and it can handle up to E10
is this enough?
Posted on 2/7/12 at 12:52 pm to TortiousTiger
My understanding is that 85 is the minimum.
Posted on 2/7/12 at 12:57 pm to iknowmorethanyou
quote:
My understanding is that 85 is the minimum.
My accountant said the same thing. I specifically asked him about Ecoboost and he said that it was not considered a "flex fuel" vehicle. Only the 5.0 V8 is.
Posted on 2/7/12 at 1:06 pm to socks and sandals
im reading the statute and it doesnt specify the amount of non-gasoline/diesel required to qualify
Unless DNR has an administrative rule that is more narrow than this, I don't see why an E10 vehicle wouldnt qualify
quote:
"Alternative fuel" means a fuel which results in emissions of oxides of nitrogen, volatile organic compounds, carbon monoxide, or particulates, or any combination of these which are comparably lower than emissions from gasoline or diesel and which meets or exceeds federal clean air standards, including but not limited to compressed natural gas, liquefied natural gas, liquefied petroleum gas, biofuel, biodiesel, methanol, ethanol, and electricity.
Unless DNR has an administrative rule that is more narrow than this, I don't see why an E10 vehicle wouldnt qualify
This post was edited on 2/7/12 at 1:07 pm
Posted on 2/7/12 at 1:09 pm to TortiousTiger
Not trying to be a dick...only proving LINK /
Posted on 2/7/12 at 1:13 pm to iknowmorethanyou
yeah, no dick connotations involved. 
it really doesnt matter what an external site defines it as, the only thing that matters is what the statute reads or how DNR has narrowed the definition via APA rulemaking process
it really doesnt matter what an external site defines it as, the only thing that matters is what the statute reads or how DNR has narrowed the definition via APA rulemaking process
This post was edited on 2/7/12 at 1:15 pm
Posted on 2/7/12 at 1:16 pm to TortiousTiger
Knock yourself out on trying to claim the credit, I hope they make an exception for you.
Posted on 2/7/12 at 1:19 pm to iknowmorethanyou
I really don't see how it's an "exception"
the law defines "flexible fuel" as anything "comparably lower than emissions from gasoline or diesel and which meets or exceeds federal clean air standards"
I would think that an E10 capable vehicle easily meets this standard.
the law defines "flexible fuel" as anything "comparably lower than emissions from gasoline or diesel and which meets or exceeds federal clean air standards"
I would think that an E10 capable vehicle easily meets this standard.
Posted on 2/7/12 at 1:19 pm to TortiousTiger
Posted on 2/7/12 at 1:23 pm to iknowmorethanyou
you've missed my previous point.
This is a law. The law has defined the terms of the credit and the definition of flexible fuel for the purposes of the credit.
DNR is the only one who can modify it and it must be done by APA guidelines.
Anyone else's opinion is moot.
This is a law. The law has defined the terms of the credit and the definition of flexible fuel for the purposes of the credit.
DNR is the only one who can modify it and it must be done by APA guidelines.
Anyone else's opinion is moot.
This post was edited on 2/7/12 at 1:25 pm
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