The American Recovery and Reinvestment Act of 2009 Credit

If a taxpayer qualifies for the American Recovery and Reinvestment Act of 2009 tax credit, the basic amount eligible for Star Car vehicle models would be determined as follows:

A credit equal to 10% of the cost of the vehicle, up to $2,500 for a Low Speed Vehicle purchased after February 17, 2009 and before January 1, 2012. Or,

Star Car Model ECC Retail Price (9/1/09)* Available ARRA Tax Credit NET COST after ARRA Tax Credit
       
B48-2 $   8,857 $    886 $ 7,971
BN48-2 $   9,079 $    908 $ 8,171
B48-4 $ 10,507 $ 1,051 $ 9,456
BN48-4 $ 11,257 $ 1,126 $10,131
B48-6 $ 11,321 $ 1,126 $10,189
48-2-R $   7,114 $    711 $ 6,403
48-4SF-R $   7,114 $    782 $ 7,039
48-4SF-R $   8,550 $    855 $ 7,695
48-4SF-R $   9,286 $    929 $ 8,357
48-6L $ 10,814 $ 1,081 $ 9,733
48L-4SF $   8,686 $    869 $ 7,817
48L-6SF  $   8,686 $    989 $ 8,904
Columbia ParCar Model ECC Retail Price (9/1/09)* Available ARRA Tax Credit NET COST after ARRA Tax Credit
       
NEV2-48A $  8,899 $    889.90 $ 8,010
SM2-GN $ 10,299 $ 1,029.90 $ 9,270
SM2-TN $ 10,299 $ 1,029.90 $ 9,270
SM4-GN $ 11,599 $ 1,159.90 $10,440
SM4-TN $ 11,599 $ 1,159.90 $10,440
SUV-SN $   9,789 $    978.90 $ 8,811
SUV-LN $ 10,189 $ 1,018.90 $ 9,171
MG1-CN $ 17,989 $ 1,798.90 $16,191
MG1-DN $ 18,989 $ 1,898.90 $17,091
MG1-TN $ 21,389 $ 2,138.90 $19,251
MG1-VN $ 18,989 $ 1,898.90 $17,091
MG1-RN $ 26,989 $ 2,500.00 (Maximum) $24,489