Monday, May 11, 2009

Scooter Resource -- Tax Breaks ?

Scooter Makers Get Stimulus Plan of their Own

The scooter industry is not exempted from the growing economic recession. And while the demand for scooters has obviously risen, it still remains that they need financial assistance to be able to keep their heads above water.

Now, like so many other industries, the makers of two-wheeled, fuel-efficient bikes are relying on tax breaks offered in the federal stimulus package and other incentives to get sales moving again, while easing gas consumption.

“Even before we quote the price, we tell people how much they can get off the bike,” said Jeff Bosco Biafore, a salesman at the San Jose Motorsport Scooter Center in Northern California.

Under the stimulus plan
, the same provision that lets taxpayers deduct sales and excise taxes on the purchase of a new car or truck also applies to a motorcycle or scooter. They also can get a 10 percent federal tax credit if they buy plug-in bikes.

Before the federal incentives kicked in Feb. 17, California offered a $1,500 rebate for certain electric scooters, but there were so many applications that funding for the $1.8 million program for alternative fuel vehicles ran out.

Honda Announces 2010 Elite Scooter

Honda introduces a new scooter which was last heard in 2007. The 2010 Elite has a new 108cc liquid-cooled fuel-injected four-stroke plant. The previous Elite ran on a carbureted 80cc air-cooled four-stroke single-cylinder engine.

The Elite joins the recently announced SH150i in American Honda’s 2010 scooter line. The 108cc Elite and 150cc SH150i will bridge the gap between the 582cc Silverwing and 49cc Ruckus and Metropolitan which make up American Honda’s 2009 scooter line-up.

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