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2009 Stimulus Plan for Motorcycles
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Mohawk Ryderz Prez
 
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2009 Stimulus Plan for Motorcycles - July 14, 2009, 01:43 PM

2009 Stimulus Plan for Motorcycles
Details of the new stimulus package signed into law on 2/17/09 include benefits for purchasers of new motorcycles. We have requested details on the package and received the following information directly from the AMA Government relations office.
What Motorcycle purchase qualifies for a tax deduction?
1. Must be purchased from February 17 through Jan. 1, 2010
2. The Motorcycle must be less than 8,500 lbs Gross Vehicle Weight
3. Cost less than $49,500
4. Buyer 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 for joint filing).
6. If you meet the criteria, you will be able to deduct the sales tax and excise tax from your 2009 tax return.

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) (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.”
These details should help interpret the Stimulus Plan with regard to new motorcycle purchases. As with all tax issues you should consult your tax advisor. You must keep yourself informed. The government may issue regulations to clarify the bill. The above is the latest information available at this time 2/18/09.


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Pfffft...
 
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July 14, 2009, 01:51 PM

Oh I saw this. It wont be much for me but anything is better than nothing.


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July 14, 2009, 01:56 PM

5 brake horsepower or less!!!!!!!!!!!!
Nevermind I see they are defining the difference between motorcycle and motor driven cycle...


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religion is just a misspelling of superstition

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I'll also thank them for proving that you don't need the force to get a woman to make you a sammich.
"They who would give up an essential liberty for temporary security, deserve neither liberty or security."
-Benjamin Franklin
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Last edited by n2sport; July 14, 2009 at 02:08 PM..
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July 14, 2009, 02:06 PM



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July 14, 2009, 02:07 PM

Quote:
Originally Posted by n2sport View Post
5 brake horsepower or less!!!!!!!!!!!!
Motor-driven cycle means a motorcycle with a motor that produces 5-brake horsepower or less.
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yut ugh!
 
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July 14, 2009, 02:08 PM

I asked Marie from Champion where I bought my 09 and she said that one of the issues with this is that you must itemize your taxes.. gotta research that!


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July 14, 2009, 02:09 PM

Quote:
Originally Posted by karrotx View Post
Motor-driven cycle means a motorcycle with a motor that produces 5-brake horsepower or less.
Thanks, didn't understand at first why we needed that definition but I am good now!


To punish and enslave!
2003 GSXR1K
2008 HD Night Train
religion is just a misspelling of superstition

Quote:
Originally Posted by Rossi
Once again I forgive you for your self-righteousness, bigotry and prejudice.
Quote:
Originally Posted by Stillie View Post
I'll also thank them for proving that you don't need the force to get a woman to make you a sammich.
"They who would give up an essential liberty for temporary security, deserve neither liberty or security."
-Benjamin Franklin
http://www.youtube.com/watch?v=VYpOF...embedded#at=36
http://www.bachbio.com/gunsavelives.htm
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July 14, 2009, 02:10 PM

So it's a scooter stimulous plan, then, right?


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July 14, 2009, 02:12 PM

Quote:
Originally Posted by tfinch View Post
So it's a scooter stimulous plan, then, right?
If tfinch was confused too then I don't feel so bad!


To punish and enslave!
2003 GSXR1K
2008 HD Night Train
religion is just a misspelling of superstition

Quote:
Originally Posted by Rossi
Once again I forgive you for your self-righteousness, bigotry and prejudice.
Quote:
Originally Posted by Stillie View Post
I'll also thank them for proving that you don't need the force to get a woman to make you a sammich.
"They who would give up an essential liberty for temporary security, deserve neither liberty or security."
-Benjamin Franklin
http://www.youtube.com/watch?v=VYpOF...embedded#at=36
http://www.bachbio.com/gunsavelives.htm
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July 14, 2009, 02:13 PM

"motor that produces 5-brake horsepower or less"?

wtf is that supposed to mean?

and who doesn't itemize their taxes these days?


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July 14, 2009, 02:16 PM

I understand the difference in motorcycle and motor driven but why put motor driven in this definition just to confuse. We only need the definition of motorcycle!!!!!!!!!!


To punish and enslave!
2003 GSXR1K
2008 HD Night Train
religion is just a misspelling of superstition

Quote:
Originally Posted by Rossi
Once again I forgive you for your self-righteousness, bigotry and prejudice.
Quote:
Originally Posted by Stillie View Post
I'll also thank them for proving that you don't need the force to get a woman to make you a sammich.
"They who would give up an essential liberty for temporary security, deserve neither liberty or security."
-Benjamin Franklin
http://www.youtube.com/watch?v=VYpOF...embedded#at=36
http://www.bachbio.com/gunsavelives.htm
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opossum puncher
 
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July 14, 2009, 02:17 PM

Does this only apply to purchases of 09 and 10 brand new motorcycles?


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July 14, 2009, 02:17 PM

motor as in electric motor and not a gasoline engine?


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July 14, 2009, 02:34 PM

brake horse·pow·er • n. (pl. same) the available power of an engine, assessed by measuring the force needed to brake it: the net brake horsepower is only up by six.



Am I reading this right? This stimulous only applies to "motorcycles" that have 5 horsepower motor or less? That can't be right....


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July 14, 2009, 02:36 PM

[edit] Brake horsepower

Brake horsepower (abbreviated bhp) is the measure of an engine's horsepower without the loss in power caused by the gearbox, generator, differential, water pump, and other auxiliary components such as alternator, power steering pump, muffled exhaust system, etc. "Brake" refers to a device which was used to load an engine and hold it at a desired RPM. During testing, the output torque and rotational speed were measured to determine the "brake horsepower". Horsepower was originally measured and calculated by use of the indicator (a James Watt invention of the late 18th century), and later by means of a De Prony brake connected to the engine's output shaft. More recently, an engine dynamometer is used instead of a De Prony brake. The output delivered to the driving wheels is less than that obtainable at the engine's crankshaft.


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