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Economic Stimulus Package
I received an emailed News Letter from my dealer today. It seams there are provisions for "Special Advantages" for people buying cars and light duty trucks included in the stimulus package.

The dealer requests anyone interested to copy an enclosed form letter requesting Motorcycles be added to the "Special Advantages".

The letter is to be printed out, signed and sent to five legislators involved in passing the stimulus bill.

Do you think this is a good idea?
Would you like a copy of the letter so you can participate?
If so, let me know and I can send you a copy. This may be just a ploy by the dealer, but if someone interested in buying a new bike could save some bucks, it may be worth it.
Mustang Marvin
 

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STAND AND FIGHT!
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As abhorrent as this theft of my grandchildren's future is to me, I'm afraid I believe that
The Obamanation s going to give away as much money as they can,
and there is no way to stop it, one way to try to mute the effect is to get some of it for my side.

I say The HD Motor Company is just as appropriate for govt. supporting funds as the car companies.
 

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SNAFU organizer
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I believe the concept is in the form of tax incentive for buying a vehicle. Money they dont have but hope to get by taxation or printing press in the future. It's all a shell game. Givin the current
status of Motorcycles as "toys" by fat pig Congress, after all they dont show up in any ECO tax benefits even though they are just as ECO as the cars on the list. I dont think the dog will hunt.
After they get done it probably wont be worth the paperwork involved anyway.
 

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http://www.amadirectlink.com/news/story.asp?id=627



Motorcyclists benefit from historic economic stimulus bill

Language that provides a tax deduction for the purchase of a motorcycle has been added to the current economic stimulus bill, the AMA reports. The AMA, working in conjunction with other stakeholders, worked diligently to secure the motorcycle provision within the measure. President Obama is expected to sign the bill into law shortly.

"This inclusive and equitable solution will provide much-needed relief to riders, as well as to those who sell motorcycles," said AMA Vice President for Government Relations Ed Moreland. "When it appeared that motorcycles were going to be overlooked in this bill, the AMA and the Association's members, along with Harley-Davidson and others, took our case straight to Capitol Hill and persuaded lawmakers that this was the right decision."

Moreland added that motorcycle riders are just as likely to have been hit hard by the economic downturn as those who buy automobiles and light-duty trucks. Moreover, motorcyclists typically purchase new bikes, apparel, vehicle servicing and aftermarket equipment from local dealers that are family-owned small businesses.

Specifically, motorcycles are included as "qualified vehicles" in Section 1008 of the legislation. Those purchasing a new motorcycle will be able to deduct the sales and excise taxes on their 2009 tax returns. Prior to the actions taken by the AMA and others, the deductions only applied to the purchase of a new car or light truck.

 

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STAND AND FIGHT!
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No change here.
For the last couple of years, Texas and I think maybe 5 other states that have no state income tax, but instead have high sales taxes have been able to deduct sales tax on our Federal Tax return.
 
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