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 [...]
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
