SUV Tax incentive ending.
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Joined: Jan 2004
Posts: 933
From: Sacramento
Car Info: Stock Legacy Turbo Wagon Silver
SUV Tax incentive ending.
http://moneycentral.msn.com/content/...2.asp?GT1=5472
"For the last few years, a business owner who drove a luxury SUV as his or her company car got a lot of help in buying the vehicle. No, it wasn't from zero-percent financing, instant cash rebates and free round-trip airfares. The help came via federal tax incentives.
But a big roadblock has been thrown in front of that tax break, thanks to provisions in the American Jobs Creation Act of 2004 that was approved by Congress on Oct. 11. President Bush is expected to sign the bill into law."
It was an abused tax break for sure.
"For the last few years, a business owner who drove a luxury SUV as his or her company car got a lot of help in buying the vehicle. No, it wasn't from zero-percent financing, instant cash rebates and free round-trip airfares. The help came via federal tax incentives.
But a big roadblock has been thrown in front of that tax break, thanks to provisions in the American Jobs Creation Act of 2004 that was approved by Congress on Oct. 11. President Bush is expected to sign the bill into law."
It was an abused tax break for sure.
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Oct 4, 2004 09:33 AM



