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Subject:
tax breaks for SUVs
Category: Business and Money > Accounting Asked by: dogdoc-ga List Price: $5.00 |
Posted:
21 Jul 2003 09:18 PDT
Expires: 20 Aug 2003 09:18 PDT Question ID: 233363 |
does the lexus GX 470 qualify for the new accelerated depreciation schedules passed by congress this year? the car has a GVWR of exactly 6000 pounds and appeaers on some lists and not on others. obviously this is a critical point as the car costs about 50K and the only reason i would buy it is the tax break. |
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There is no answer at this time. |
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Subject:
Re: tax breaks for SUVs
From: haspeer-ga on 18 Aug 2003 16:47 PDT |
Passenger automobiles are defined in the code as having a weight of 6,000 pounds or less - IRC Section 280F(d)(5)(A). The auto would have to weigh more than 6,000 pounds to qualify for real tax breaks. |
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