Is the government doling out free golf carts this holiday season? If you heard that some where you heard it right. According to a lot of my golfing buddies, IRS has made a ruling that many golf carts which run on electricity are qualifying for the green tax credit (electric car credit).
If you are an avid golfer and you have been holding out on this one, now is the best time to make this purchase and get a lump sum credit from Uncle Sam as well.
There is a federal credit which provides on an average $4200 to $5500 for the purchase of a non polluting electricity run vehicles.
Even though it looks like a loophole, I am pretty sure the intention was to promote green vehicles that use modern technology, somehow the golf carts also got covered within the ambit of this.
To me they look like cash for golf carts instead of cash for clunkers. If you play golf and you want to get your own golf cart, I say, go for it now!