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American Motorcyclist Association | 13515 Yarmouth
Dr. | Pickerington | OH | 43147
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Feb. 14, 2009
FOR IMMEDIATE RELEASE
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Motorcyclists Benefit from
Historic Economic Stimulus Bill
PICKERINGTON, Ohio --
Language that
provides a tax credit for the
purchase of a motorcycle has
been added to the current
economic stimulus bill, the
American Motorcyclist
Association (AMA) reports. The
AMA, working in conjunction with
other stakeholders, worked
diligently to secure the
motorcycle provision within the
measure. President Obama is
expected to sign the bill into
law shortly.
"This inclusive and equitable
solution will provide
much-needed relief to riders, as
well as to those who sell
motorcycles," said AMA Vice
President for Government
Relations Ed Moreland. "When it
appeared that motorcycles were
going to be overlooked in this
bill, the AMA and the
Association's members, along
with Harley-Davidson and others,
took our case straight to
Capitol Hill and persuaded
lawmakers that this was the
right decision."
Moreland added that motorcycle
riders are just as likely to
have been hit hard by the
economic downturn as those who
buy automobiles and light-duty
trucks. Moreover, motorcyclists
typically purchase new bikes,
apparel, vehicle servicing and
aftermarket equipment from local
dealers that are family-owned
small businesses.
Specifically, motorcycles are
included as "qualified vehicles"
in Section 1008 of the
legislation. Those purchasing a
new motorcycle will be able to
deduct the sales and excise
taxes on their 2009 tax returns.
Prior to the actions taken by
the AMA and others, the
deductions only applied to the
purchase of a new car or light
truck.
"We want to thank all
motorcyclists who took the time
to contact their elected
officials," said Moreland. "This
victory is particularly
gratifying because it represents
a community-wide effort to
elevate motorcycles as a
recognized and viable means of
transportation in America.
Motorcycles are vital to the
reduction of traffic congestion,
provide efficient use of limited
parking, have far less impact on
our roads and bridges, and
contribute significantly to our
nation's efforts to consume less
fuel. Our success today clearly
indicates that our legislators
are listening."
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About the
American Motorcyclist Association
Since 1924, the AMA
has promoted and protected the
motorcycling lifestyle. AMA members
come from all walks of life and they
navigate many different roads on
their journey to the same
destination: freedom on two wheels.
As the world's largest motorcycle
organization with nearly 300,000
members, the AMA advocates for
motorcyclists' interests in the
halls of local, state and federal
government, the committees of
international governing
organizations and the court of
public opinion. Through member
clubs, promoters and partners, the
AMA sanctions more motorsports
competition events than any other
organization in the world. Through
its Motorcycle Hall of Fame Museum,
the AMA preserves the heritage of
motorcycling for future generations.
For more
information, visit
www.AmericanMotorcyclist.com.
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American Motorcyclist Association | 13515 Yarmouth
Dr. | Pickerington | OH | 43147
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