re: Jindal will honor returns files prior to June 14

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I disagree. When I bought my vehicle in 2012 the law stated I was entitled to a 3,000 tax credit. You can't change that law after I buy my vehicle. Tax law changes usally go into effect the following year. If they do go into effect the current year it usually only does so if it decreases taxes, not increases them.
Bottom line, if I relied on the credit when I purchased the vehicle, you can't change the law after I purchase it and say I am no longer entitled to the credit.

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The IRS does this kind of stuff with regards to bonus depreciation and the like...whether the state can get away with it, I dont know

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If you relied on the credit to purchase the vehicle, you couldn't afford it in the first place.

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Maybe relied was the wrong word. I can afford the vehicle with or without the credit. The fact is when I bought the vehicle the law stated I am entitled to a $3,000 tax credit. You can't change the law retroactivly after the vehicle is purchased. If you want to change the law (and I agree it is a stupid law) fine, but it should only effect people from the date of change.

The paperwork was signed April 27 and the vehcile was delievered April 30.

iknowmorethanyouknow,

If the tax credit was a "motivating factor" in purchasing a flex fuel vehicle between 2009 to present or not, that's not the issue whatsoever. Your statement seems to say the people who bought these vehicles and didn't know about the credits when their vehicles were originally purchased are the only ones that should qualify for the credit. There were many others out there waiting on confirmation of the credits being legit as they saw and heard the about these refunds being recalled while being issued at the same....not once but several times. The fact that they didn't want to be as distraught as some on this forum if the were told they also must repay their refund with interest should not and ultimately will not disallow them from receiving the credits.

I feel certain in the end, it's going to be an either "all" or "none" situation.

The more inside info I hear on the credit, the more I'm beginning to think this whole situation was pre-orchestrated by political forces. It's beginning to sound like another "Horse and Pony Show" with the setting of the show happening to be in the State of Louisiana (again). How sad!

frb1951, Any regrets about not taking the credit for any clients previously? Or do you feel that the state will eventually allow all flex fuel credits through a mandate by the judicial system?

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frb1951

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No, I'm saying those (and I'm sure there are plenty) who bought the vehicle specifically for the tax credit, will have that shite repoed by this time next year.

filed mine on may the 5th, now just waiting on the money.

nrtiger,

In your case, you have until 12-31-14 to file an amended return for 2010 to claim the credit. Or rather I should say "per La's Revised Statutes, you have until 12-31-14..."

I hesitate to advise you what to do after witnessing our government in action lately.

I have clients who have received a letter stating that the amended return is under review and the process could take 60 days.

frb1951, any further developments on the credit? Any lawyers warming up for a class action suit?

I bought a 2010 and a 2012 flex fuel veh. I filed after the deadline to prepare for the inevitable law suit. Some lawyer will have me for a client. Jindal is not king even though he thinks he is.