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Stimulus Package Benefits Motorcyclists, Dealers - Dealernews
Stimulus Package Benefits Motorcyclists, Dealers
Publish date: Feb 14, 2009
Stimulus Package Benefits Motorcyclists, Dealers
Publish date: Feb 14, 2009
#htmlarticlebody div { display:none; } #htmlarticlebody #page1 { display:block; }Tax deductions for motorcycles and motorhomes have been added to the $787 billion economic stimulus package that previously applied to only automobiles and light trucks.
Under the new legislation developed in conference committee, purchasers of new cars, light trucks, motorhomes and motorcycles can deduct the sales and excise tax on the vehicle through the end of this year. President Barack Obama says he is eager to sign the overall bill.
The American Motorcyclist Association (AMA) and Motorcycle Industry Council (MIC) lobbied federal lawmakers to include motorcycles in their proposal. In a letter dated Feb. 10 to U.S. Senate Majority Leader Harry Reid (D-Nev.) and U.S. House Speaker Nancy Pelosi (D-Calif.), AMA VP for Government Relations Ed Moreland noted that on-road motorcycles are more fuel-efficient, offer reduced traffic and parking congestion and reduced impacts on roads and bridges when compared to cars and trucks. As such, he said, their use should be promoted, and motorcycles should be included in the final federal proposal that is produced by a House-Senate conference committee.
“Motorcycle riders are just as likely as other consumers of automobiles and light-duty trucks to have been hit hard by the economic downturn," Moreland says. “Moreover, motorcyclists typically purchase new bikes, apparel, vehicle servicing and aftermarket equipment from local dealers that are family-owned small businesses.
“This approach is an inclusive and equitable solution that provides much-needed relief to riders as well as those who sell motorcycles," Moreland says.
Four senators successfully lobbied for the inclusion of motorcycles in the legislation: Bob Casey (D-Pa.), Christopher Bond (R-Mo.), Russell Feingold (D-Wis.), and Herb Kohl (D-Wis.)
Under the new legislation developed in conference committee, purchasers of new cars, light trucks, motorhomes and motorcycles can deduct the sales and excise tax on the vehicle through the end of this year. President Barack Obama says he is eager to sign the overall bill.
The American Motorcyclist Association (AMA) and Motorcycle Industry Council (MIC) lobbied federal lawmakers to include motorcycles in their proposal. In a letter dated Feb. 10 to U.S. Senate Majority Leader Harry Reid (D-Nev.) and U.S. House Speaker Nancy Pelosi (D-Calif.), AMA VP for Government Relations Ed Moreland noted that on-road motorcycles are more fuel-efficient, offer reduced traffic and parking congestion and reduced impacts on roads and bridges when compared to cars and trucks. As such, he said, their use should be promoted, and motorcycles should be included in the final federal proposal that is produced by a House-Senate conference committee.
“Motorcycle riders are just as likely as other consumers of automobiles and light-duty trucks to have been hit hard by the economic downturn," Moreland says. “Moreover, motorcyclists typically purchase new bikes, apparel, vehicle servicing and aftermarket equipment from local dealers that are family-owned small businesses.
“This approach is an inclusive and equitable solution that provides much-needed relief to riders as well as those who sell motorcycles," Moreland says.
Four senators successfully lobbied for the inclusion of motorcycles in the legislation: Bob Casey (D-Pa.), Christopher Bond (R-Mo.), Russell Feingold (D-Wis.), and Herb Kohl (D-Wis.)