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Motorcycles Included in Stimulus Package

section 1008 of the legistation includes motorcycles as " qualified vehicles " and individules purchasing a new motorcycle will be allowed to deduct the sales and excise taxes on their 2009 tax returns.

four senators successfully lobbied for including motorcycles in the compromise measure: Bob Casey, D-Pa ; Christopher Bond, R-Mo., Russell Fiengold, D-Wis., and Herb Kohl, D-Wis.

To be elegible for this " above the line" tax deduction, you must make less than $125.000 ( $250.000 for those filing jointly and purchase a new bike in 2009 for up to $49,500.

taken from National Coalition of Motorcycles.

no doubt good news, if you happen to be able to take advantage .

steve

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Comment by Jeff Martini on October 16, 2009 at 6:53am
Thanks for bringing this up Steve. This was passed in February '09 but bears repeating for all who have purchased a new 2009 bike. Here's a link to more info.

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