Wednesday, June 20, 2007

Small business tax deduction for large SUVs over?

No more tax breaks?

"Lawmakers introduced a new bill to eliminate the so-called "Hummer tax loophole," The Detroit News reported."

"This controversial tax incentive allows small businesses to write off up to $25,000 of the purchase of the largest pickups and sport-utility vehicles. More than 30 vehicles—including the Hummer H2, Chevrolet Suburban, Ford Expedition, Lexus LX 470 and Dodge Durango—qualify for the break." (more)

--> Finish: Small business tax deduction for large SUVs over?

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