New Golf Cart Rebate Gives 'Cash for Clubbers'

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The Federal Stimulus Package has been distributed in many different ways around the nation, and now some people are getting an $8,000 tax credit for buying a souped up golf cart.
Golf cart manufacturers have found a way to cash in by selling their carts as street legal, low speed vehicles.

Under the president's stimulus plan, those who buy one of the electric vehicles, can get a check back for up to $7,500.

"I only came in because I was impressed with the fact of the rebate," one customer said. "I could foresee using this for all our driving within our community."

The price tag for a Hummer model golf cart is $18,000, but with the government rebate buyers receive $6,000 back.

The rebate is nearly as much as the first-time homebuyer tax credit of $8,000.
The golf cart tax credit runs out at the end of the year.

The IRS has emphasized that this tax credit does not apply to golf carts, and is meant strictly for electric vehicles primarily used on actual roads.

*Originally published October 30, 2009

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