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Old 12-17-2007, 10:12 PM
08hybridok 08hybridok is offline
Pretty Darn Active Enthusiast
 
Real Name: Bryan
Hybrids: 08 Escape
Posts: 298
Question Oklahoma & Tax (credit) question

A little early I know, but I'm trying to read online if I qualify for any state credits inaddition to the possible $3k fed credit (I suspect from last years taxes I might get upto $1k worth).

I found this online
Quote:
Oklahoma's alternative fuel vehicle tax credit also extends to low-speed electric vehicles as defined by NHTSA in 49 C.F.R. 571.500, to forklifts and other similar self-propelled vehicles, and to qualified electric and hybrid electric vehicles. For qualified electric vehicle property propelled by electricity only, the basis for the credit is the full purchase price of the vehicle. For vehicles also equipped with an internal combustion engine, the basis for the credit is limited to the portion of such motor vehicle which is attributable to the propulsion of the vehicle by electricity. (Reference Oklahoma Statutes Section 68-2357.22) See Oklahoma Income Tax Form 511CR.
(It was all ready bold online, but no where can I find what a qualified hybrid is?!

I got this from here: http://www.okcleancities.org/man_okafv.html
or here: http://www.oscn.net/applications/osc...?CiteID=436627

I normaly do my taxes online with TurboTax. I'd rather not pay H&R like $2-500 to do what I can for <$50. But I'd rather not get an audit in 4-5 years asking for proof of this & that then say oh you owe $xxx pls 4 years in penalites & fees so now it's $x,xxx!

I'm simple, married, 2 kids, no house/mortage or anyother credits.

.


2008 Escape Hybrid FWD
Ice Blue w/Chrome Pkg
Moonroof
Leather Premiem pkg
http://www.starlinkdss.com/Escape.htm
Mods: Tint front to match, Cargo Cover, Keyless Pad, Flaps, Side Moldings.
Want to add Chrome Bug Shield


2000 Expedition Eddie Bauer
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