Special Tax Break for New Vehicle Purchases Signed into Law

Great News for those of you considering a new vehicle in 2009!



In an effort to keep you informed of the latest activity out of Washington, we are pleased to report the following legislation, intended to stimulate new vehicle sales, has been enacted. The American Recovery and Reinvestment Act of 2009, recently signed into law by President Obama, entitles taxpayers who purchase a new vehicle between February 16, 2009 and December 31, 2009, the ability to deduct state and local sales and excise taxes paid on the purchase.

All new vehicle purchases up to $49,500 qualify!