GreenHybrid - Hybrid Cars - View Single Post

08hybridok · #7 (**permalink**) 12-27-2007, 03:59 PM

Ok a simple e-mail to the Tax Commission web site, here's what I sent:

Quote:

I ve read online this paragraph:

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.

And since I purchased a gas/electric Hybrid vehicle this year, I am curious what vehicles qualify for this credit, and how much credit it would be.

For comparison the IRS tax credit vehicles is listed on this page, and I have copied the charts below as well: http://www.irs.gov/newsroom/article/0,,id=157557,00.html

Thanks for your time

And of couse I coppied the list into the email.
A week later this is the reply:

Quote:

Dear Bryan:

The explanation for this credit is included in the instructions for the Oklahoma Income Tax Form 511CR found on our website at www.ok.tax.gov . Please review the instructions.

If I can be of further assistance please do not hesitate to contact me.

Sincerely,

Oklahoma Tax Commission
Taxpayer Assistance Division

So I'm still confused as this info doesn't spell itself out like the IRS page does. So until I get a second reply that says my car does not qualify, I think I'm gonna file like it does. And unlike the IRS it has a 3 yr carry over

so I can use all of it, not 1/3 to 1/2 I expect to get from IRS this year.

If someone can find exact info in here please report back.