Motorhome purchase incentive included in stimulus bill
Tue Apr 7, 2009
Source: RVIA
RESTON, Va. -- In news that marks a substantial legislative victory for the RV industry, the RV Industry Association has learned that the conference committee final version of the $789 billion economic stimulus package includes a provision to specifically help the RV industry.
Motorhomes are included in a tax provision that allows a portion of the sales or excise tax paid on the purchase of a new motorhome to be deducted. The deduction is attributable to taxes applying 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.
