#1 11Second Club
2002 Pontiac Trans Am
Join Date: Dec 2004
Location: Dallas (Richardson), TX, USA
Posts: 1,236
Obama stimulus package new car clause question Confusingly worded title, I know... but I have a question for the more tax-wise members. I'm reading online that the stimulus bill passed and that you can now right off the sales tax on a qualifying new car purchase.
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2002 White WS-6 M6 Mods: 625RWHP/5xxRWTQ @ 14psi... 10.964@126.21 w/ 1.58 60'
#2 TECH Regular
Join Date: Nov 2005
Location: Frisco, Texas
Posts: 480
car toys quoted me $300 to get a alpine sent off and fixed about 6 months ago so i mean thats saving you 100 bucks
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#3 11Second Club
2002 Pontiac Trans Am
Join Date: Dec 2004
Location: Dallas (Richardson), TX, USA
Posts: 1,236
Quote:
Originally Posted by
2fast97Z car toys quoted me $300 to get a alpine sent off and fixed about 6 months ago so i mean thats saving you 100 bucks
Ummm... Okay. Anyone have a
relevant response?
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2002 White WS-6 M6 Mods: 625RWHP/5xxRWTQ @ 14psi... 10.964@126.21 w/ 1.58 60'
#4 12 Second Club
Join Date: Apr 2004
Location: Houston
Posts: 1,067
It's my understanding that you can deduct the sales tax on a vehicle purchase. Check out the instructions for Schedule A. Should be there.
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2001 Pontiac Trans Am WS6, 6-Speed - SCAT 4.00" forged crank, Mahle Pistons, SCAT H-beam rods, 383 cubes, '04 LS6 block, Comp Cams 224/230 cam, LS6 heads, Patriot Gold valve springs. Houston, TX USA
1980 Pontiac Trans Am - Y84 Bandit Edition, WS6 - 455 with #96 heads, 234/244 Wolverine cam, Dynomax headers
2008 Chevrolet HHR-SS. Soon with GMPP Stage 1 kit!
2001 Honda VFR - Micron exhaust
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Were doomed brother !!! ....... Most ppl dont know what few of us do !!!
Last edited by SS02; 02-18-2009 at 10:07 PM ..
#6 11Second Club
2002 Pontiac Trans Am
Join Date: Dec 2004
Location: Dallas (Richardson), TX, USA
Posts: 1,236
So, what does that make this bill? A reminder?
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2002 White WS-6 M6 Mods: 625RWHP/5xxRWTQ @ 14psi... 10.964@126.21 w/ 1.58 60'
#7 TECH Fanatic
Join Date: Mar 2007
Location: Evansville, IN
Posts: 1,167
Its not just the sales tax, its supposed to be the interest on it also along with a 1300-4500 tax credit as well.
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SLP Lid, SSRA, Magnaflow Quad catback, MGW Shifter; Strano springs and Koni 4/4s just waiting to get installed
#8 11Second Club
2002 Pontiac Trans Am
Join Date: Dec 2004
Location: Dallas (Richardson), TX, USA
Posts: 1,236
Quote:
Originally Posted by
bballr4567 Its not just the sales tax, its supposed to be the interest on it also along with a 1300-4500 tax credit as well.
Got a link with more info?
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2002 White WS-6 M6 Mods: 625RWHP/5xxRWTQ @ 14psi... 10.964@126.21 w/ 1.58 60'
#9 TECH Fanatic
Join Date: Mar 2007
Location: Evansville, IN
Posts: 1,167
I know its not a good link as its just a news story but its the jist of it.
http://jalopnik.com/5146133/new-car-...imulus-package
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SLP Lid, SSRA, Magnaflow Quad catback, MGW Shifter; Strano springs and Koni 4/4s just waiting to get installed
Tags 4500 , bill , cae , car , carcredit4500stimulus , cars , credit , obama , package , purchase , simulus , stimulis , stimulous , stimulus , tax
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Obama stimulus package new car clause question 
