Stimulus Bill Passes House and Senate
For Immediate Release
14 February 2009
Friday the 13th is traditionally a day known for fright and bad luck.
Congress passed a massive spending bill (HR-1) the largest ever passed by any US Congress February 13, 2009. The bill is supposed to revive an ailing economy and put out of work Americans back into a job.
There is one tucked away provision that should appeal to motorcyclists, a tax break for purchase of a new bnot used- motorcycle.
Here is the breakdown:
This deduction also applies to passenger cars, light trucks and recreational vehicles so long as they meet the same qualifiers.
So what are you waiting for? Go do your part to jump start the economy and buy a new bike.
The bill has passed the US Congress and now heads to the President for
his signature before becoming law. The MRF is not taking an official
position on HR 1.
Contact: Jeff Hennie, Vice President of Government Affairs, MRF
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