If you plan to buy a new car this year then this couldn’t have come at a more apt time as the U.S. Treasury Department and the Internal Revenue Service announced last week that a sales tax break would be levied on new vehicles bought in the United States.
All this is attributed to the “American Recovery and Reinvestment Act of 2009″ which allows taxpayers to buy a new vehicle without paying the state /local sales/excise tax made this year.
Not only that but states that currently do not levy sales tax such as Oregon, New Hampshire, Montana, Hawaii, Delaware and Alaska qualify for the tax sops as well, says the Treasury and the IRS. What this would mean for you is that vehicles would now be cheaper in these states.
