Chevrolet Corvette Stingray C7 Forum - View Single Post - Proposed Bill to give New car buyers tax break

*The_Blur* · 01-18-2009, 10:46 PM

Here it is.

The vehicle must be used in the United States. That is probably the stupidest regulation ever placed in a bill. Does Congressman Rogers expect it to be used by US citizens in Sweden?

The bill is in effect until 1 January 2010. Buy the car in 2009. That means that the down payment must be paid in 2009. Order early.

The vehicle must be a passenger vehicle or light truck. This apparently excludes large trucks, SUVs, and sport cars. Evidently, it only includes economy cars and trucks that fit 3 to 7 people.

I would like some understanding of the use of "depreciation" as an exception. Basically, explain this: "property of a character subject to the allowance for depreciation or amortization."

01-18-2009, 10:46 PM	#40
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	Here it is. The vehicle must be used in the United States. That is probably the stupidest regulation ever placed in a bill. Does Congressman Rogers expect it to be used by US citizens in Sweden? The bill is in effect until 1 January 2010. Buy the car in 2009. That means that the down payment must be paid in 2009. Order early. The vehicle must be a passenger vehicle or light truck. This apparently excludes large trucks, SUVs, and sport cars. Evidently, it only includes economy cars and trucks that fit 3 to 7 people. I would like some understanding of the use of "depreciation" as an exception. Basically, explain this: "property of a character subject to the allowance for depreciation or amortization." __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban Last edited by The_Blur; 01-18-2009 at 11:01 PM. Reason: wrong bill