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Can anyone verify that there is any truth to what I read on another site about a supposed motorcycle stimulus plan?


2009 Stimulus Plan for Motorcycles

Details of the new stimulus package signed into law on 2/17/09 include benefits for purchasers of new motorcycles. We have requested details on the package and received the following information directly from the AMA Government relations office.
What Motorcycle purchase qualifies for a tax deduction?
1. Must be purchased from February 17 through Jan. 1, 2010
2. The Motorcycle must be less than 8,500 lbs Gross Vehicle Weight
3. Cost less than $49,500
4. Buyer must make less than $125,000 in gross taxable income ($250,000 for joint filers)
5. Deduction is phased out for taxpayers with modified adjusted gross income between $125,000 and $135,000
($250,000 and $260,000 for joint filing).
6. If you meet the criteria, you will be able to deduct the sales tax and excise tax from your 2009 tax return.


What qualifies as a motorcycle, according to the Economic Stimulus bill?
In the Economic Stimulus bill, Motorcycle is defined under section 571.3 of title 49, Code of Federal Regulations (CFR) (in effect on the date of the enactment). Section 571.3 of Title 49 CFR:
“Motorcycle means a motor vehicle with motive power having a seat or saddle for the use of the rider and designed to travel on not more than three wheels in contact with the ground. Motor-driven cycle means a motorcycle with a motor that produces 5-brake horsepower or less.”
These details should help interpret the Stimulus Plan with regard to new motorcycle purchases. As with all tax issues you should consult your tax advisor. You must keep yourself informed. The government may issue regulations to clarify the bill. The above is the latest information available at this time 2/18/09.
 

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As I understand it what you state is true. Now, if I could get the wife to go along with it I would be all smiles.
 

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I don't think I have...what do they look like??
I'd be delighted to show you...

The mighty 1999 Buell X1 Lightning Factory Special Edition Carbon Fiber Extreme, 173 of only 250 made. Employs a special carbon fiber using a blue thread manufactured by Hans (Debotech). This is not your father's Sportster. 101 bhp and 90 ft-lbs torque from this 1203 cc twin.








 

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April 20, 2009 – TT-2009-3

Seven Facts about the New Sales Tax Deduction for Vehicle Purchases
Audio: American Recovery and Reinvestment Act Vehicle Tax Deduction

Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax break is part of the American Recovery and Reinvestment Act of 2009.

Here are seven things you should know about this new deduction:

1.State and local sales taxes paid on up to $49,500 of the purchase price of qualifying vehicles are deductible.
2.Qualified motor vehicles generally include new (not used) cars, light trucks, motor homes and motorcycles.
3.Purchases must occur after Feb. 16, 2009, and before Jan. 1, 2010.
4.This deduction can be taken regardless of whether or not you itemize other deductions on your tax return.
5.Taxpayers will claim this deduction when filing their 2009 federal income tax return next year.
6.The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.
7.The deduction may not be taken on 2008 tax returns.
Consumers who are considering buying a new car may find that this tax incentive means there may have never been a better time to buy.

For more information about the sales and excise tax deduction for motor vehicle purchases visit the official IRS web site at IRS.gov

Note: Item #4 above has been corrected to remove an erroneous reference to this being an "above-the-line deduction." (04/21/2009)
 

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I'd be delighted to show you...

The mighty 1999 Buell X1 Lightning Factory Special Edition Carbon Fiber Extreme, 173 of only 250 made. Employs a special carbon fiber using a blue thread manufactured by Hans (Debotech). This is not your father's Sportster. 101 bhp and 90 ft-lbs torque from this 1203 cc twin.








I think I have seen this bike before. I can't quite seem to remember where, but I swear it looks familiar! I like it
 

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Go ahead... Post that sumbitch one more time... :tard::tard:
















:thefinger:
 

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If someone would just buy it, I'd have no reason to ever post it again. Somebody should take one for the team for a mere $9.5K.
 

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Doesn't that just fukkin figure....we buy two new motorcycles this year, but both before Feb 17.:angry:
 

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post what?

purchase what?

i'm confused...mebbe some pics would help...
Sure. Here ya go then...

The mighty 1999 Buell X1 Lightning Factory Special Edition Carbon Fiber Extreme, 173 of only 250 made. Employs a special carbon fiber using a blue thread manufactured by Hans (Debotech). This is not your father's Sportster. 101 bhp and 90 ft-lbs torque from this 1203 cc twin.








 

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Ban that fucker Go.

I'll pay you $5000 wired from my Kenyan bank account tomorrow.

Banish! Banish! Banish!
 

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Ban that fucker Go.

I'll pay you $5000 wired from my Kenyan bank account tomorrow.

Banish! Banish! Banish!
Well, sh*t...

I've checked with our home office, confusion department, department of redundancy department, & evidently, if I ban this azzhat, there won't be anyone in Noff Kakalacky to report a daily temperature reading in 2 scales... :tard::tard:

However, Bob, your offer is especially timely, as I have been discussing with my financial adviser (pictured here) moving my entire portfolio (both dollars!!) into Kenyan Shillings... I'm torn... :puzzled::puzzled:
 
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