| |
On October 22, 2010, the Department of Treasury notified BB Buggies Inc. that the Bad Boy XTO, Classic and Stretch Models equipped with a LSV (Low Speed Vehicle) package qualified for a tax credit in 2011, meeting the requirements of the Qualified Plug-in Electric Vehicle Credit as a Qualified Plug-in Electric Vehicle. This certification qualifies you to obtain up to 10% off the cost of an LSV. Read the tax notification.
What do you need to do to take advantage of this offer? Simply call us toll free at 800-226-2891 and we will assist you in taking advantage of this limited-time tax credit.
LSV TAX CREDIT DISCLAIMER:
Bama Buggies and its employees, agents, and associates makes no representation or assertions, implied or otherwise, as to your eligibility for any tax credit. Bama Buggies does not offer tax advice of any kind. Consumers should consult a professional accountant pertaining to tax credit questions regarding the purchase of a qualified Bad Boy Buggy LSV. |
|
Bama Buggies DOES NOT provide tax advice of any kind. You must contact your accountant to determine your eligibility for any tax credit. |
In order for
your Bad Boy to qualify for the 10% federal tax credit,
it must have this equipment installed from the manufacturer;
called the LSV Package. If your unit does not have this
equipment installed from the factory it does not qualify.
It can not be installed after-market.
|
Where
does this tax credit come from? |
Alternative power vehicles
were given a tax credit In September 2008 by the federal
government passing the HR6049 Energy Improvement &
Extension Act of 2008. The original tax credit legislation
expired December 31, 2009. Beginning January 1st, 2010
LSV's fall under The American Recovery & Reinvestment
Act and therefore become included in another IRS tax
code section allowing for a federal tax credit of 10%
of the cost of the qualifying unit with a maximum of
$2,500. Read
the notification letter - click here.
|
What
is a Low Speed Vehicle (LSV) |
LSV is a classification
regarding vehicles that operate on public road that
are posted at 35 or less MPH. These vehicles can cross
roads of 45 MPH. The vehicles have specific requirements
including a minimum obtainable speed of 20 Mph and maximum
of 25 Mph. Other requirements vary by state but all
LSV vehicles must be equipped with lights, blinkers,
brake lights, hazard lights, horn, rear view mirror,
DOT approved seat belts and windshield. |
How
does this tax credit work? |
This is a dollar for dollar tax credit
meaning it credits out your tax liability. you should
contact your account and determine what that liability
is. Bama Buggies offers no tax advice of any kind. |
Do
I have to tag the vehicle to be eligible for the tax
credit? |
Click
here for a PDF list of state-by-state tag requirements.
You are required to pay tax whether sales or excise
tax (depending on your state). Since the tax credit
is only for vehicles driven on the street, we strongly
recommend tagging this vehicle if you plan to take any
tax credits. |
How
do I purchase one of these LSV's? |
Inventory will, inevitably,
be a problem with this years tax credit just like it
was last year. We strongly recommend doing your research
and making a decision to purchase quickly as we have
already seen upset customer who waited and ended up
missing out. We currently have inventory in stock but
it will not last long. And with the demand on Bad Boy
for production they could easily be stretched thin.
We encourage prompt action to ensure you can take advantage
of this opportunity. |
|
|
|
|
Bama Buggies DOES NOT provide tax advice of any kind. You must contact your accountant to determine your eligibility for any tax credit. |
|
| 
|
|
