Quote:
Originally Posted by GH85Carrera
I was under the impression that the Oklahoma electric car tax credit had expired. There was a big push a couple of years ago by Tesla to sell cars before the tax credit expired.
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Alternative Fuel Vehicle (AFV) Tax Credit
"For tax years beginning before January 1, 2015, a one-time income tax credit is available for 50% of the incremental cost of purchasing a new original equipment manufacturer AFV or converting a vehicle to operate on an alternative fuel. The state also provides a tax credit for 10% of the total vehicle cost, up to $1,500, if the incremental cost of a new AFV cannot be determined or when an AFV is resold, as long as a tax credit has not been previously taken on the vehicle. Equipment used for conversions must be new and must not have been previously used to modify or retrofit any vehicle. The alternative fuels eligible for the credit are compressed natural gas, liquefied natural gas, and liquefied petroleum gas (propane), and electricity. Tax credits may be carried forward for up to five years. (Reference Oklahoma Statutes 68-2357.22)"
So 50% of the incremental cost plus $1500 in Oklahoma, right now