Comment

Sen. Inhofe Says US is 'Reaching a Revolution'

362
itellu3times8/28/2009 10:51:17 am PDT

re: #348 Ward Cleaver

From what I have read about the bill, it specifies that the rebates aren’t taxable income for the buyers, but they are for the dealers.

But … don’t the dealers incur a $4,500 expense for every $4,500 revenue? That is, as long as they do pass it thru, there should be no real consequence?

But that article seems to suggest the state of South Dakota was considering it income to the buyer.