As the year comes to a close, we want to remind you that Rep. Barbara Mikulski’s (D-Md.) Car Tax Credit that was included in the stimulus package this spring is still in effect, but not for much longer. Mikulski’s provision provides a state sales and excise deduction for all tax payers who purchased a new car [...]
For the uninitiated, the IRS is allowing up to $1300 tax credit for qualifying vehicles ($1700 for 2010 Golf TDI automatics), hybrids and clean burning diesels purchased prior to December 31st, 2010. The catch is that the credit is only allowed for the first 60,000 vehicles sold for each manufacturer. So how do you know [...]
“Oil that is…Black Gold…Texas Tea”, and it’s right under our noses! In fact, it turns out that parts of Montana and North Dakota are practically floating on the stuff! I’m talking about the Bakken formation. If you’re like me you’ve never heard of this huge oil deposit, the largest ever found in North America…four times [...]
More evidence that Maine lawmakers have never met a tax they didn’t like: The legislature will consider an 11-cents-per-gallon increase in the gas tax to help fund road repair, after the transportation committee approved the proposal without Republican support. The committee voted 9-4 in favor of the bill, with four of the five Republican members voting against it, [...]
digg_url = “http://leogibbons.com/blog/2009/04/08/excise-tax-cut-appears-headed-to-referendum-portland-press-herald/”;digg_title = “Excise tax cut appears headed to referendum”;digg_bgcolor = “#FFFFFF”;digg_skin = “normal”;digg_url = undefined;digg_title = undefined;digg_bgcolor = undefined;digg_skin = undefined; More evidence of Maine lawmakers’ anti-business attitude. Without argument, the biggest deterrent to new car sales in the state of Maine is the oppressive excise tax. Most states have either no fee, [...]
We all know that the auto industry is a gauge for the US economy, so it makes sense that any stimulus plan ought to include provisions to encourage Americans to buy cars. Here’s a few ideas that are being floated in the halls of Congress. Congress considers auto sales incentives – Jan. 29, 2009
Although it’s probably necessary, I just can’t feel good about billions of tax dollars going to bail out auto makers. Here’s a unique alternative from Roger Penske, a guy who knows a bit about this business…it’s worth consideration. Technorati Tags: Chrysler,GM,Ford,bailout Idea to aid carmakers: Fee on sales – USATODAY.com
Motor vehicle excise taxes are down or flat in cities and towns across the state as more people hold onto their old cars. In Maine, 68% of the population owns vehicles six years or older, which are taxed at the lowest rate possible, VillageSoup.com reported. In Scarborough, where the excise tax pot is expected to [...]
The Maine State Legislature has given preliminary approval to a bill that would make it illegal for drivers of commercial vehicles to let their vehicles idle for more than five minutes. Rep. Jon Hinck (D-Portland) says an idling prohibition would conserve energy and help curb pollution, according to the Associated Press. The law would not [...]
Right after taking control of the House of Representatives, Speaker of the House Nancy Pelosi formed a panel to look into global warming. Now she’s locked in a battle with House Energy and Commerce Committee Chairman John Dingell over proposed CAFE standards, seeking to preserve a rapid rise in the new requirements. Domestic automakers haven’t [...]
Probably the biggest detriment to new car sales here in Maine is our prohibitive excise tax, which runs about 2.4% of the STICKER PRICE of every new vehicle sold – no, we don’t care what you pay for the vehicle, your taxed on it’s worth, and everyone knows that new cars are worth their sticker [...]
