Re: what about that business-use tax writeoff? - Saab General Bulletin Board - Saabnet.com
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Re: what about that business-use tax writeoff?
Posted by MJP (more from MJP) on Thu, 28 Aug 2003 06:01:52
In Reply to: what about that business-use tax writeoff?, Jason 0W-40, Wed, 27 Aug 2003 22:37:16
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As I understand it ...
All business vehicles are potential tax write offs. As opposed to a standard car, SUV's over a certain weight become classified as commercial vehicles. The entire cost of a commercial vehicle can be written off in the first year of ownership where non-commerical vehicles subscribe to stepwise depreciation over a given period of time. Approximately 1 year ago GWB passed legislation that reduced the weight requirement to qualify for commercial vehicle status. This now includes Hummers among others.
Next thing you know, we'll hear about how GM is padding TrailBlazers with lead bars.
-mark
posted by 24.97.96...
Posts in this Thread:
- OT: $2,000 in incentives on 2003 Hummers, andy , Wed, 27 Aug 2003 13:48:49
- what about that business-use tax writeoff?, Jason 0W-40, Wed, 27 Aug 2003 22:37:16
- Maybe they'll sendum' all to Iraq., Jon in Chicago, Wed, 27 Aug 2003 15:00:02
- Re: OT: $2,000 in incentives on 2003 Hummers, Dean, Wed, 27 Aug 2003 14:51:35
- Correction, phred, Wed, 27 Aug 2003 14:50:04
- So I get paid to get a Hummer?, FrozenSaab, Wed, 27 Aug 2003 13:53:00
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