Quote:
Originally Posted by redpoint5
My hunch is they don't have the mechanism in place to verify if a VIN has received the credit yet, just as they don't have a mechanism in place to enforce the 2 year ownership requirement. What are they going to do, snatch $2,500 from poor people who end up selling the vehicle in less than 2 years due to financial problems? Probably the surest way is to see if the car had been sold in the last 2 years, since the program is only 2 years old.
Politics is the process of Read, Fire, Aim. Or not, aiming is optional since the point is to deliver feelgoods to the constituency while solving a problem is optional.
|
There isn't a requirement in the federal bill to keep the car for 2 years.
It wouldn't be hard to create a system that checks to see if a car is sold within 2 years - all that date is in the DMV database. The question is if it makes sense to spend the money to administer such a program. I really doubt it would.
As to snatching the money back - that would likely happen in the next year's income tax filing.