Lawmakers add tax cuts RVs to stimulus bill
Looks like US Motorhomes will have a piece of the Stimulus Bill action:
.....At the same time, two Rep. Joe Donnelly — won the same benefits for recreational vehicles, many of which are made in Indiana. Top manufacturers in Indiana includeIf you are looking to purchase a US motorhome, why not try before you buy? Rent a Cheap Motorhome at Cheap RV Rental USA.
Much of the state's motor home industry is focused around Elkhart, Ind., which calls itself the "RV Capital of the World." President Barack Obama visited Elkhart Monday as he pressured Congress to quickly approve the stimulus legislation. Unemployment in that part of the state exceeds 15 percent, according to state officials.
Eleven of the country's 98 recreational vehicle manufacturers have closed in the past two years, with manufacturers, suppliers and dealers shedding thousands of jobs, Bayh's office said.
Under the stimulus legislation, purchasers of new cars, light trucks, motor homes and motorcycles will be able to deduct the sales tax they pay through the end of this year, a provision with an estimated cost of $1.7 billion. Including recreational vehicles and motorcycles added about $100 million to the cost of the tax break, according to calculations based on revenue estimates by the congressional Joint Committee on Taxation. Full Article Here