Quote:
Originally Posted by The_Blur
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."
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I am not completely sure, but generally there are provisions like this to prevent automobiles used for business purposes to be claimed twice (once for this discount and then again when claiming the depreciation). Just my two cents.