Go Back   Pacific Northwest Four Wheel Drive Association > Tool Bag > Garage > RV Tech
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

RV Tech Big or Small

Reply
 
Thread Tools Display Modes
  #1  
Old 02-15-2009, 12:22 AM
wcjp's Avatar
wcjp wcjp is offline
Administrator
 
Join Date: Jan 2009
Location: Earth
Posts: 207
Default RV Tax Breaks

Found this at Natcoa

From RVbookstore.com
Breaking RV News
Motorhome buyers to get tax break in Obama stimulus plan
February 13, 2009



There's good news for consumers in the market for a new motorhome. The $789 billion economic stimulus package that President Obama is expected to sign later this month will include a provision to specifically help the RV industry, especially buyers of motorhomes.

The Recreation Vehicle Industry Association (RVIA), reports that a new provision will allow buyers of motorhomes to deduct a portion of the sales or excise tax paid on their purchase from their federal income tax next year. The deduction will apply to the first $49,500 of the purchase price.

Individuals with an adjusted gross income of up to $125,000 and joint filers with an adjusted gross income of up to $250,000 are eligible for the deduction. The tax breaks are expected to save consumers and estimated $1.7 billion over the next ten years.

The inclusion in the legislation of a sales or excise tax deduction for motorhomes is a significant accomplishment for the RV industry since there were no RV sales incentives in either the House or Senate versions of the stimulus bill.

RVIA Vice President of Government Affairs Dianne Farrell said the RV industry is especially thankful to Senator Evan Bayh (D-IN), Congressman Joe Donnelly (D-IN), and Senator Ron Wyden (D-OR) who, along with their staffs, worked tirelessly over the past several weeks to ensure that the RV industry was included in the stimulus legislation.

Much of the country's motor home industry is focused around Elkhart, Ind., which calls itself the "RV Capital of the World." President Barack Obama visited Elkhart earlier this week as he pressured Congress to quickly approve the stimulus legislation. Unemployment in the Elkhart area exceeds 15 percent.

Buyers of new cars, motorcycles and light trucks will also qualify for the same tax breaks.
__________________
93' YJ w/factory hood

06' CTD
Reply With Quote
  #2  
Old 02-16-2009, 04:33 PM
Merrick Graves Merrick Graves is offline
Old Goat
 
Join Date: Jan 2009
Location: Naches
Posts: 566
Default

Also remember. Your RV qualifies for interest deduction (like a mortgage) (second home). As long as it has cooking and bath facilities.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 07:16 AM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.