Cash for Clunkers is over, but the opportunity to cash in continues. A new tax credit promises to pay you handsomely for a buying a vehicle some say only sees time on a golf course. Nicknamed "Cash for Clubbers" by critics, the new plan causing protesters and profiteers to move quickly
It sits at a golf cart shop on a golf cart lot, but don't call it a golf cart.
"This is an LSV," explained Bob Hill, with The Cart Shed. "It is actually an automobile - an electric automobile."
LSVs, or low speed vehicles, arrived quietly about 10 years ago. But, 10 months ago the American Relief and Recovery Act put them in the limelight offering a tax credit that was hard to miss.
"It's big money...$4,300 and it's someone's ability to claim that $4,300 on this car," said Hill.
To qualify for the program, purchase and delivery of your LSV must be made by December 31st. You will be eligible for whatever amount of credit your vehicle qualifies for when you file your 2009 federal income tax documents
Eric -I've seen the info on this program, and while golfers may be happy, I think it's another example of the "unintended consequences" of misguided government programs.