Motorcycle Stimulus Plan

Details of the new stimulus package signed into law on Tuesday include benefits
for purchasers of new motorcycles. Ducati North America requested details on the
package and received the following information directly from the AMA Government
relations office.
To answer your question of what Motorcycle qualifies for a tax deduction, it is as
follows:
1. Must be purchased from February 17 through Jan. 1, 2010
2. Bike must be less than 8,500 lbs Gross Vehicle Weight
3. Cost less than $49,500
4. You 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 in the case of a
joint return).
6. If you meet the criteria, you will be able to deduct the sales tax and excise
tax
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) (as 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.”
.....
So if you were waiting for the perfect opportunity to purchase a new bike, NOW is the time, with both the tax deduction and the great rates from Ducati and Husqvarna (for more details go to our website or give us a call).