new bike tax exemption

The AMA is reminding riders that they may be eligible for a federal tax deduction on their 2009 taxes if they bought a new motorcycle last year. The American Recovery and Reinvestment Act -- a landmark $787 billion economic stimulus package that President Barack Obama signed into law in February 2009 -- provides a deduction for state and local sales and excise taxes paid on the purchase of qualified new vehicles from Feb. 17 through Dec. 31, 2009. Qualified new vehicles include street and dual-sport motorcycles, scooters, mopeds, cars, light trucks and motor homes.
To read the Internal Revenue Service "Questions and Answers" about the deduction, go to www.irs.gov/newsroom/article/0,,id=211310,00.html for more info.

John Del Santo
mcbwaycool@yahoo.com
ABATE of California