Northwest Golf Car Service

In 2008 the Emergency Economic Stabilization Act was passed that became effective in 2009. In the Energy section of the bill, there is a tax credit of $4, 234. 72 for Low Speed Vehicles purchased by 12/31/2009. This tax credit has a phase-out period that is initiated when the manufacturers sell over 250, 000 electric drive vehicles. The manufacturers of the Electric Vehicles must submit Quarterly reports to the IRS. The Bush Administration included this tax credit as part of the 2009 Emergency Economic Stabilization Act in response to Americans struggling with rising gas prices.