From Cash for Clunkers to Cash for Golf Carts

The Ocean Reef Club, located in the Florida Keys, and where membership is by invitation only, reportedly only for those with a net worth of $35 million, is now hustling a golf cart with Obama tax credits.

In a recent notice to members the club reported:

Tax Credit-Eligible Golf Car Approved for Use on ORC Golf Courses

Several weeks ago, the Emergency Economic Stabilization Act of 2008 created an IRS tax credit of #2,500 - $7,500 for those who purchase qualifying electric cars through Dec. 31, 2009.

Until recently, electric cars that qualified for this credit were not eligible for use on Ocean Reef Club's golf courses. However, thanks to a recent approval from the Ocean Reef Club Golf Committee, a specific tax-credit eligible electric car, manufactured by Club Car, has been approved for use on the Dolphin and Hammock Courses.

The approved car, pictured at right, is street legal and eligible for an IRS tax credit when sold with a shatter-proof windshield, head lights, tail lights, windshield wipers and seatbelts. The speed of the cart is about 24-miles-per hour. Additional accessories are also available.

Ocean Reef Club Golf Car Sales & Accessories Manager John Eledge is available to assist members who are interested in purchasing a golf course approved, tax credit eligible car, however, taxpayers' circumstances may vary and purchasers should consult a tax professional to verify the ability to claim all or a part of this credit.

ViaZeroHedge