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re: Flex Fuel Vehicle Tax Deduction

Posted on 2/16/12 at 10:26 am to
Posted by TortiousTiger
Baton Rouge
Member since Jan 2007
12668 posts
Posted on 2/16/12 at 10:26 am to
quote:

ortiousTiger, Didn't know if you found this or not. I only post because I too was convinced to claim this for my ecoboost until I read this: Federal Clean Air act look at Part C—Clean Fuel Vehicles 281. It defines it there at 85 unless I missed something cause I am dumb when it comes to taxes. I would like to know what you think cause I am cheering for a loophole or something :)


federal regulations don't matter.

This is a state tax credit and the state statute is controlling.
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6545 posts
Posted on 2/16/12 at 11:27 am to
quote:

What if I buy a used (2011) E85 FFV. Does that count or does it have to be new?


I stand corrected. Only the original purchaser of the vehicle has the right to claim the credit.

Posted by TB69
Member since Oct 2008
305 posts
Posted on 3/15/12 at 6:42 pm to
What tax years are eligible for the credit? I bought a ffv in 09.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
45082 posts
Posted on 3/15/12 at 6:59 pm to
quote:

I am currently getting an average of 14.3 mpg with the 5.3 V8. I haven't tried an E85 fuel yet.



Do you drive 90 mph everywhere you go?

I have the same truck and I get a shade over 18 most of the time.
Posted by tigeryat
God's Country
Member since Oct 2005
2911 posts
Posted on 3/15/12 at 8:14 pm to
quote:

What tax years are eligible for the credit?


Purchases after January 1, 2009.
Posted by DuckSlayer22
Lafayette, LA
Member since Sep 2011
512 posts
Posted on 3/16/12 at 7:34 am to
quote:

Do you drive 90 mph everywhere you go? I have the same truck and I get a shade over 18 most of the time.


You are probably a paw paw that drives 35 mph and pisses everyone off...
Posted by SaleenFiend
Louisiana
Member since Sep 2009
176 posts
Posted on 4/11/12 at 8:44 pm to
My tax refund was accepted with F150 Ecoboost.

LINK

Without debate the E10 meets all of the standards required within this STATE law.

Federal tax guidelines do not apply for the State Refund.
Posted by TortiousTiger
Baton Rouge
Member since Jan 2007
12668 posts
Posted on 4/11/12 at 9:20 pm to
you must by lying. iknowmorethanyou finds your statements impossible.

/endsarcasm.
This post was edited on 4/11/12 at 9:20 pm
Posted by ellunchboxo
Gtown
Member since Feb 2009
18784 posts
Posted on 4/12/12 at 1:03 pm to
quote:

SaleenFiend


Mine was also accepted with a 2011 Nissan Titan Flex Fuel.
Posted by frb1951
Member since Apr 2012
60 posts
Posted on 4/18/12 at 10:01 pm to
Hang on to those refunds, fellas...best put them in a savings account cause I'm afraid the State will ask for them back eventually!

I too called the Dept of Revenue and was told that yes, my E85 truck purchased in 2008 qualified for the $3,000 refund and to be sure to file an amended return prior to 5-15-12 as the time to file a 2008 amended return will expire after 5-15-12.

Only problem I see....no, not the only problem, but here goes: R.S. 6035 REPEALED AND REPLACED R.S. 47:38 that dealt with vehicles purchased since 1991. R.S. 6035 is for vehicles purchased on or after 1-1-09. R.S. 6035 also added wording to the definition of "qualified clean-burning motor vehicle fuel property" that the original bill did not have. It states that it "SHALL NOT INCLUDE EQUIPMENT NECESSARY FOR OPERATION OF A MOTOR VEHICLE ON GASOLINE OR DIESEL".

The credit that was available for a vehicle purchased in 2008 wasn't 10% or $3,000 whichever was less....it was 20% of 10% (no joke) or .02% of the cost of the vehicle or $1,500 whichever was less.

Therefore, the Customer Service Dept. at the DOR was incorrect in that the Flex Fuel vehicles qualify for the credit....and by telling taxpayers to hurry up and file their amended returns for 2008 so they can get their $3,000 refund is totally absurd. Under the law that was repealed that gave the credits for 2008, one would have had to pay $150,000 for a vehicle ($150,000 x .02% = $3,000).

Inasfar as the 2009, 2010, 2011 and 2012 models qualifying for the credit, the Customer Sercvice Rep referred me to the outdated bulletin for the law that had been REPEALED. She said the Customer Service Reps and their supervisors had a big conversation recently about these refunds.

GOD HELP US ALL.....There are thousands and thousands of these Flex Fuel vehicles out there. The Model T was the first vehicle that ran on either ethanol or gasoline.....I do know for a fact that the matter is being reviewed by the DOR's legal department....just DON'T SPEND that refund until they rule.

Bobby think he has budget problems now....just wait til these $3,000 refunds really circulate and bankrupt the State.
Posted by 3HourTour
A whiskey barrel
Member since Mar 2006
21223 posts
Posted on 6/5/12 at 2:06 pm to
I bought a flex fuel GMC Sierra in June of 2010. Does that truck qualify and how do I go about amending my taxes to claim the credit?
Posted by LSUMon
Monroe
Member since Aug 2006
397 posts
Posted on 6/5/12 at 4:25 pm to
If it has a yellow gas cap then it qualifies. Amened your state return to cliam 3,000 ( assuming the price was over 30,0000) under Credit 71F Purhcase of Alt Fuel Vehicle. Attach a copy of your Bill of Sale and your vehcile registration. Mail in. Wait for refund
Posted by 3HourTour
A whiskey barrel
Member since Mar 2006
21223 posts
Posted on 6/6/12 at 12:19 pm to
I'm going to amend today and file that shite online. Don't know why I stumbled through money talk, but I'm glad I did.
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6545 posts
Posted on 6/6/12 at 12:23 pm to
I hope you're off my jock by now. The law was written poorly. I think we can all agree on that. No way E10 was intended to be included. I'm glad that all who can benefit have benefitted, however.
Posted by CBDTiger
NOLA
Member since Mar 2004
1241 posts
Posted on 6/21/12 at 9:16 am to
Better get those refund applications in soon. This has been exposed as a potential $100 million hit to the state treasury because of the poorly drafted statute, and the state treasurer is pushing for a special session just to fix the law.

The state DOR secretary has already resigned, probably over this issue. Legislators and governor dont read own laws
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 6/21/12 at 9:43 am to
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