Skip to comments.EXCLUSIVE: GM Dealers Get Chevy Volt Tax Credit for Sales to Gov't (Outrageous)
Posted on 02/22/2012 9:56:02 AM PST by jazusamo
I discovered an interesting fact while reviewing the 2011 IRS form 8936 used for the $7500 EV tax credit. While under most circumstances it is the wealthy purchasers of Chevy Volts and other high priced plug-in vehicles that get the taxpayer-funded handout, it appears that General Motors' dealerships that sell the vehicles to government entities are benefiting by being able to claim the credits. These dealers are able to double-dip into the seemingly endless pool of taxpayer funds designated for cronies of the Obama Administration under the guise of green initiatives. Not only do taxpayers pay for Chevy Volts purchased by various government "units," the sellers can claim the credits which were designed to help individuals be able to afford the costly vehicles.
The instructions for form 8936 state, "If you are the seller of a qualified plug-in electric drive motor vehicle to a tax-exempt organization, governmental unit, or a foreign person or entity, and the use of that vehicle is described in section 50(b)(3) or (4), you can claim the credit, but only if you clearly disclose in writing to the purchaser the amount of the tentative credit allowable for the vehicle (from line 6 of Form 8936)."
I'll let others debate this latest discovery of what I consider to be a wasteful and abusive green energy policy of the Obama Administration that benefits cronies and helps with the President's election campaign. I think the facts speak for themselves, but that won't stop the GM shills and defenders of the Chevy Volt from trying to justify tax credits designed for consumers going to dealerships. Maybe someone in the vast, apathetic (or, perhaps more accurately, "biased") journalistic field will also like to question how much tax credits crony corporation, General Electric, will receive for their thousands of purchases of Volts.
Mark Modica is an NLPC Associate Fellow.
This tax credit is for all EVs that qualify and includes the Chevy Volt and Nissan Leaf.
GM dealers also took tax credits by selling Volts as “used” to other dealerships. Makes you wonder how many Volts were actually purchased by some guy or gal just walking through the door.
..."This (the Volt) isn't just the care we wanted to build, it's the car America had to build to save the country. From the heart of Detroit to the health of the country, Chevy runs deep.
care = car :(
You’re correct and this author, Mark Modica, is the one who discovered that ripoff also.
Thanx for the ping jazusamo !
The unprecidented bailout of Government Motors not only stipulates they pay no income tax for 10 years but now we find out taxpayers will hand the dealerships that sell Volts to cities, counties, states and the feds a $7,500 tax credit for each one they sell to them.
On top of that Obama wants to up the tax credit to $10,000 per vehicle.
Jaz, FYI, I’m not able to post private replies or answer emails.
Thanks to all for reading and staying informed, unfortunate that you won’t hear stories like this on mainstream media.
Thanks for the outstanding work you’ve done reporting on the misrepresentations, half truths and sometimes outright untruths coming from Government Motors and this administration. Looking forward to you reporting more truth in the future.
Endless Govt Motors rippoff PING
I just sent back a mail in survey from my congressman telling him exactly that. Terminate subsidies for EVs. Let the market decide if it is a viable product.
If we can get the turkey in the WH replaced we just may get that tax credit repealed, it’s a real rip.
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