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View Full Version : State Tax refund up to 3K for flex fuel vehicle


all star rod
03-26-2012, 02:36 PM
I was recently told that if you bought a car or truck that is "flex fuel" E85 that you will get 3K credit on your STATE taxes. If purchased in 2012 you can claim it on your 2013 state taxes and if purchased in 2011 you claim it on this years taxes. I bought a new chevy 4x4 "flex fuel" in JAN 2011. I already did my state taxes; however, I was able to change them on TURBO TAX for my 3K credit / check coming my way. You will need your registration/VIN # as proof. The max is 3K or 10% of vehicle price up to 3K. Note, this is only for LA state taxes and the vehicle has to be registered in LA. I actually think the state started doing this in 2009.

fishinpox
03-26-2012, 02:43 PM
I'm on it just text my accountant

all star rod
03-26-2012, 02:48 PM
I'm on it just text my accountant

Went on Turbo Tax "state" one last night and input all the info and it was accepted..wife already has the $ spent on swimming pool BS...:pissed::cry:

CajunSaint
03-26-2012, 02:53 PM
Thanks ASR!!

Just purchased a 2012 FX2 F150

Lake Chuck Duck
03-26-2012, 03:02 PM
Dang! I got a flex fuel but I bout it in 2010

Cajun Outdoors
03-26-2012, 03:23 PM
Thank obama. Those funds come from the "American reinvestment and reco ery act". Bailout.

Cajun Outdoors
03-26-2012, 03:25 PM
Dang! I got a flex fuel but I bout it in 2010

You can amend your '10 return and get the credit. I have clients that have bought one in '10 and '11.

all star rod
03-26-2012, 03:31 PM
Thank obama. Those funds come from the "American reinvestment and reco ery act". Bailout.


This is LA state thing. Looking at it on line, not all states give this credit for e85 as LA is doing.

Cajun Outdoors
03-26-2012, 03:33 PM
This is LA state thing. Looking at it on line, not all states give this credit for e85 as LA is doing.


Correct. But our state is broke. This and the solar tax credit the state gives are funded by the bailout. Just an FYI.

Basically the LDNR was given some of the bailout funds to promote alternative energy. So this is how they decided to dole it out.

Big Kahunaz
03-26-2012, 03:58 PM
I guess a hybrid would fit into this category....correct?


---
I am here: http://tapatalk.com/map.php?k3zizh

Ducktrickster
03-26-2012, 03:59 PM
Anyone running E85 in their truck? If not then what makes you elligible for the refund?

mcjaredsandwich
03-26-2012, 04:26 PM
Heard one of my ag professors who is also a farmer say today that the govt will soon stop subsidizing corn production because of record high corn prices. He also said other factors that will influence the elimination of corn subsidies are decreased fuel efficiency and the fact we have so much potential oil. He may have just been wishfully thinking out loud, but it definitely makes sense. Everything that has corn products in it will be cheaper if corn based ethanol was eliminated. Milk, beef, numerous food products...and petroleum related jobs would increase.

all star rod
03-26-2012, 04:27 PM
I guess a hybrid would fit into this category....correct?


---
I am here: http://tapatalk.com/map.php?k3zizh

Yes you will get a federal and state break....
the e85 is only a state deal.

"W"
03-26-2012, 04:56 PM
Thank obama. Those funds come from the "American reinvestment and reco ery act". Bailout.

You can amend your '10 return and get the credit. I have clients that have bought one in '10 and '11.

Correct. But our state is broke. This and the solar tax credit the state gives are funded by the bailout. Just an FYI.

Basically the LDNR was given some of the bailout funds to promote alternative energy. So this is how they decided to dole it out.


Correct part of Obama "Welfare Program"

all star rod
03-26-2012, 05:33 PM
Correct part of Obama "Welfare Program"


So if you bought a vehicle that was flex fuel, you would not take advantage of the tax rebate if it is legal??????

mcjaredsandwich
03-26-2012, 05:35 PM
So if you bought a vehicle that was flex fuel, you would not take advantage of the tax rebate??????

Better question: if a student with a loan came and bought your services with that loan, would you take it?

all star rod
03-26-2012, 05:37 PM
Anyone running E85 in their truck? If not then what makes you elligible for the refund?

Not sure if there is a 85 gas station in the state. Most new trucks since 2010 (chevy and fords) are flex fuel. Again, it is a state thing. Not sure of all the details but I do know if you bought a vehicle that is flex fuel which e85 is, you get a credit from the state but not federal. E85 does not give you a credit on your federal taxes.

all star rod
03-26-2012, 05:39 PM
Better question: if a student with a loan came and bought your services with that loan, would you take it?

In my profession I do not deal with Students so I could care less. Ask someone who work at MICKY D's.....

Let me guess, you would not accept the tax credit on the vehicle but you vote not to replay your student loan.....:confused:

"W"
03-26-2012, 05:42 PM
So if you bought a vehicle that was flex fuel, you would not take advantage of the tax rebate if it is legal??????

I'm 200% against Flex Fuel... I love to burn gas... Oil and gas is what pays my bills so you will never see my family in a flex fuel Obamaocmy vehicle

fishinpox
03-26-2012, 05:44 PM
Good luck finding a new truck that is not flex fuel compatible

all star rod
03-26-2012, 05:49 PM
I'm 200% against Flex Fuel... I love to burn gas... Oil and gas is what pays my bills so you will never see my family in a flex fuel Obamaocmy vehicle


Well I guess you will have to buy a diesel. Most truck being made are flex fuel now. They still run on gas.
BTW, the flex fuel e85 is due to gas going to going to 5% more ethanol. Most stations are 10% now but they will go to 15%.

Also, this buisness pays my bills to....both with refining oil and bio-fuels....

all star rod
03-26-2012, 05:50 PM
Good luck finding a new truck that is not flex fuel compatible

X2.....I am sure W has connections....I bet he will special order one.:rolleyes:

BTW, I do not think W understands that he is buring ethanol in his vehicles unless he goes to a place that sells gas with no ethanol. They are getting harder and harder to find.

"W"
03-26-2012, 05:54 PM
Just bought my wife a new Toyota SUV ..not flex...and I have a 2010 chevy not flex....
I have a boat..not flex...I have a 4wheeler no flex ...have a lawnmower not flexed...have a weed eater not flex.....have a leaf blower not flex....have a generator not flex


I think we love gas

Cajun Outdoors
03-26-2012, 05:59 PM
I didn't put that info to cause an argument. Many people who are heavy anti-Obama should be informed where this $ comes from. I see it as welfare for these alternative fuel industries not for the person that claims it. I didnt buy one but I'd surely claim it if I did. I don't make the rules I just play by them.

The solar tax credit is insane. I've done some people's returns that are getting $50k back from the state and $30k back from fed for switching their houses to solar(80%of the total cost). Solar is a dream, the only way it pays for itself is if they give you the equipment and then only on sunny days.

"W"
03-26-2012, 06:05 PM
When you can plow a field on sugar water.... Call me...until then... Drill baby Drill

ckinchen
03-26-2012, 06:05 PM
I didn't put that info to cause an argument. Many people who are heavy anti-Obama should be informed where this $ comes from. I see it as welfare for these alternative fuel industries not for the person that claims it. I didnt buy one but I'd surely claim it if I did. I don't make the rules I just play by them.

The solar tax credit is insane. I've done some people's returns that are getting $50k back from the state and $30k back from fed for switching their houses to solar(80%of the total cost). Solar is a dream, the only way it pays for itself is if they give you the equipment and then only on sunny days.

Well said.

jchief
03-26-2012, 06:41 PM
And just think what the E85 is going to do to your outboard!!!!!!!!!!!!

Tightline11
03-26-2012, 06:56 PM
Add a little more to this if you drive a GM product or Chrysler product then you have helped in the Obama situation cause which auto companies took the bail out that have never been paid back and which ones (Ford) didn't take it. The GM and Chrysler vehicle have the government engines in them at least that is what I'm told. Yes all I drive is Ford 2010 Lariat and 2011 Lariat.

Micah
03-26-2012, 07:01 PM
Add a little more to this if you drive a GM product or Chrysler product then you have helped in the Obama situation cause which auto companies took the bail out that have never been paid back and which ones (Ford) didn't take it. The GM and Chrysler vehicle have the government engines in them at least that is what I'm told. Yes all I drive is Ford 2010 Lariat and 2011 Lariat.

Want a cookie?

jlincecum
03-26-2012, 07:04 PM
Well said.


add this to my list boss:D

meaux fishing
03-26-2012, 07:05 PM
Want a cookie?
I do... what kind you got?

Tightline11
03-26-2012, 07:11 PM
Want a cookie?

Only if you have milk to go with the cookie and i want more than one than one cookie and the milk had to be delivered to the store by a Ford vehicle. 😱


Sent from my iPhone 4 using Tapatalk

meaux fishing
03-26-2012, 07:13 PM
Only if you have milk to go with the cookie and i want more than one than one cookie and the milk had to be delivered to the store by a Ford vehicle. 😱


Sent from my iPhone 4 using Tapatalk
hahahahahaha

Micah
03-26-2012, 07:16 PM
I do... what kind you got?

The kind with cream filling

"W"
03-26-2012, 07:18 PM
Ford almost folded just like GM...they both have a horriable money balance

Chevy is Proven a Better Truck so thats why I drive Chevy...BTW....This was way before Obama even became a Muslim

Tightline11
03-26-2012, 07:25 PM
Ford almost folded just like GM...they both have a horriable money balance

Chevy is Proven a Better Truck so thats why I drive Chevy...BTW....This was way before Obama even became a Muslim

Key word almost which only counts in hand grenades and horseshoes. All or over priced but I have had two GM products and both were taken back by GM after I filed the lemon law lawsuit or them.


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scott craft
03-26-2012, 07:27 PM
Ford almost folded just like GM...they both have a horriable money balance

Chevy is Proven a Better Truck so thats why I drive Chevy...BTW....This was way before Obama even became a Muslim

Wish my Chevy's would have proved it.

"W"
03-26-2012, 07:30 PM
Key word almost which only counts in hand grenades and horseshoes. All or over priced but I have had two GM products and both were taken back by GM after I filed the lemon law lawsuit or them.


Sent from my iPhone 4 using Tapatalk


Well I have owned 13 GM's between me and wife...

Im on my 10th GM truck since 17 years old.....Only problem I ever had was wrecking them

I used most as farm trucks and tore them to no ends....

My Dad is on his 20th GM truck and never had any real issures

BUT I did own on FORD in High School... JUNK

There was a few Farmers who ran Fords and they all had tranny and power train problems from pulling equp.

Chevy has been the Stongest Truck for Years

scott craft
03-26-2012, 07:34 PM
For every person who has had good luck with GM and bad luck with Ford there is someone with the exact opposite experience. There is probably someone who's had good luck with Dodge and bad luck with the others. It's all opinion. I like Ford and have had good luck with them. The only fact is that whether or not Ford was in good financial shape or not, they didn't take the bailouts GM and Chrysler took and they didn't go bankrupt after taking them.

BossHog
03-26-2012, 07:43 PM
Is there a website to look at this online?

Duck Butter
03-26-2012, 07:44 PM
Is there a website to look at this online?

www.w'sridiculousrants.com (http://www.w'sridiculousrants.com)

Click on the 'how to add more freeboard to your boat' link

mcjaredsandwich
03-26-2012, 07:52 PM
I dont think a refund should be given just because a vehicle is flexfuel.

BossHog
03-26-2012, 07:53 PM
A website on the tax credit

Hydro
03-26-2012, 07:56 PM
Well I guess you will have to buy a diesel. Most truck being made are flex fuel now. They still run on gas.
BTW, the flex fuel e85 is due to gas going to going to 5% more ethanol. Most stations are 10% now but they will go to 15%.

Also, this buisness pays my bills to....both with refining oil and bio-fuels....



Its my understanding that E85 is 85% ethanol (alcohol) with 15% gasoline added, not 85% gasoline w/15% ethanol added...

Just sayin' ...

Hydro

fishinpox
03-26-2012, 07:58 PM
I'm 200% against Flex Fuel... I love to burn gas... Oil and gas is what pays my bills so you will never see my family in a flex fuel Obamaocmy vehicle

But u have no problem driving an Obama bailout $ GM truck!

"W"
03-26-2012, 08:01 PM
www.w'sridiculousrants.com (http://www.w'sridiculousrants.com)

Click on the 'how to add more freeboard to your boat' link
.......

fishinpox
03-26-2012, 08:01 PM
I dont think a refund should be given just because a vehicle is flexfuel.

When u get out of school n actually have a job that u contribute to the tax system then u can have an opinion , untill then u r just like the soccer mom telling the guy on the side of the road to get a job lol

"W"
03-26-2012, 08:02 PM
I dont think a refund should be given just because a vehicle is flexfuel.


I dont think you should get money when you dont work and sit on a couch all day and have 30 bastard kids

jdm4x43732
03-26-2012, 08:04 PM
32590

ckinchen
03-26-2012, 08:23 PM
Ford almost folded just like GM...they both have a horriable money balance

Chevy is Proven a Better Truck so thats why I drive Chevy...BTW....This was way before Obama even became a Muslim

Please explain this "money balance" to me.

Are you speaking of a balance sheet? So specifically what about either company's "money balance" concerns you?

This should be good.....

ckinchen
03-26-2012, 08:25 PM
Another hijacked thread, thanks W.

all star rod
03-26-2012, 08:28 PM
I dont think a refund should be given just because a vehicle is flexfuel.

This coming from someone who voted for "I should not have to repay my student loan".......:cool:

jlincecum
03-26-2012, 08:30 PM
When u get out of school n actually have a job that u contribute to the tax system then u can have an opinion , untill then u r just like the soccer mom telling the guy on the side of the road to get a job lol


hahaha x2

fishinpox
03-26-2012, 08:30 PM
Please explain this "money balance" to me.

Are you speaking of a balance sheet? So specifically what about either company's "money balance" concerns you?

This should be good.....


lmao x 100000
1) oil tycoon
2) nasa engineer
3) ivestment specialist
4) is "signal" handly responsible for all of haynies earning since he bought his
5) rice farming guru
6) co wrote websters dictonary

need i continue??

jlincecum
03-26-2012, 08:30 PM
i'll take everything I can get back from the gooberment

all star rod
03-26-2012, 08:39 PM
lmao x 100000
1) oil tycoon
2) nasa engineer
3) ivestment specialist (PENNY STOCKS)
4) is "signal" handly responsible for all of haynies earning since he bought his
5) rice farming guru
6) co wrote websters dictonary

need i continue??

you forgot.....

7) Sports expert

Just think how much more he would know if he at least had a High School diploma instead of a GED....

meaux fishing
03-26-2012, 09:42 PM
Please explain this "money balance" to me.

Are you speaking of a balance sheet? So specifically what about either company's "money balance" concerns you?

This should be good.....

I think that may be connected to the "tax money people" lol

Gerald
03-27-2012, 01:32 AM
Its my understanding that E85 is 85% ethanol (alcohol) with 15% gasoline added, not 85% gasoline w/15% ethanol added...

Just sayin' ...

Hydro

It has been almost 30 hours...... and nobody has commented on this post????

E85 is a fuel that has 15 % ethanol added to the mixture.

Ethanol production cost is suppliment by the Goverment. I don't remember the exact numbers....but ethanol is expensive to make. Ethanol cost something like $ 10+ per gallon to make or 3 time more than what gasoline cost to make from oil.

Lake Chuck Duck
03-27-2012, 07:48 AM
I guess we could have let GM fold, layed off thousands of people, and bought all our cars from china and japan.

I dont agree with the Obama bailouts, but the government has been doing stuff I dont agree with my whole life. So I just dont worry about things I cant control and buy the vehicle I want. Love my Chevy. (besides it's all the automobile union's fault anyway, no offense)

Lake Chuck Duck
03-27-2012, 07:51 AM
Not sure if there is a 85 gas station in the state. Most new trucks since 2010 (chevy and fords) are flex fuel. Again, it is a state thing. Not sure of all the details but I do know if you bought a vehicle that is flex fuel which e85 is, you get a credit from the state but not federal. E85 does not give you a credit on your federal taxes.
There is one off Swisco rd. in Sulphur. Dont think it gets used much lol

mcjaredsandwich
03-27-2012, 08:00 AM
It has been almost 30 hours...... and nobody has commented on this post????

E85 is a fuel that has 15 % ethanol added to the mixture.

Ethanol production cost is suppliment by the Goverment. I don't remember the exact numbers....but ethanol is expensive to make. Ethanol cost something like $ 10+ per gallon to make or 3 time more than what gasoline cost to make from oil.

Hydro is right, also dont know where you got those numbers.....
http://www.edmunds.com/fuel-economy/e85-vs-gasoline-comparison-test.html

E85 is 85% ethanol, 15% gasoline. E70 is 70/30

scott craft
03-27-2012, 08:44 AM
I guess we could have let GM fold, layed off thousands of people, and bought all our cars from china and japan.

I dont agree with the Obama bailouts, but the government has been doing stuff I dont agree with my whole life. So I just dont worry about things I cant control and buy the vehicle I want. Love my Chevy. (besides it's all the automobile union's fault anyway, no offense)

I don't think it's necessarily fair to lay the blame for the bailouts and bankruptcy at the feet of the union. Not saying they helped any, but Ford has the same union and similar contracts as GM and Chrysler.

Sent from my Windows 7 phone using Board Express

Lake Chuck Duck
03-27-2012, 09:04 AM
I don't think it's necessarily fair to lay the blame for the bailouts and bankruptcy at the feet of the union. Not saying they helped any, but Ford has the same union and similar contracts as GM and Chrysler.

Sent from my Windows 7 phone using Board Express
You are right, it wasnt all the union that made their problems.

Hydro
03-27-2012, 06:57 PM
It has been almost 30 hours...... and nobody has commented on this post????

E85 is a fuel that has 15 % ethanol added to the mixture.

Ethanol production cost is suppliment by the Goverment. I don't remember the exact numbers....but ethanol is expensive to make. Ethanol cost something like $ 10+ per gallon to make or 3 time more than what gasoline cost to make from oil.


Google it, E85 is 85% ethanol with 15% gasoline ;)

This stuff is a whole different animal from unleaded blended with 10-15% ethanol...

Hydro