Federal Government Offer Tax Credit for Scooter Purchases
Posted: May 17, 2009 09:39 PM EDT
Updated: May 18, 2009 12:38 AM EDT
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Federal Government Offer Tax Credit for Scooter Purchases
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As gas prices continue to rise the government may have a little incentive to help you cut costs by riding a scooter.
If you buy a motorcycle or scooter the federal government will give you a tax credit.
It works like this, if you buy a scooter you can deduct the taxes you paid on a purchase up up to $4,900.
Sales of scooters and motorcycles spiked last summer when gas prices hit four dollars but as prices dropped and the economy took a hit so did sales of the bikes.
But there are still several cash saving incentives to buying a bike.
Two Brothers Powersports Sales Manager Jason Wucki says, "The cost of maintenance is lower. The cost of filling up is lower because every scotter gets 90 to 100 miles per gallon so just the cost saving that you accumulate."
To find out more about the tax credit for scooter and motorcycle purchases talk to you local dealer.
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