Most Active Stories
- Battle of the Bands Finals @ MAC March 26 - Be in the LIVE Audience!
- Record-Breaking College Bass Fishing Tournament Held at Kentucky Lake
- School Districts Revise Calendars to Account for Snow Days
- Murray State Equine Science Professor Pairs Student Interests with Real-World Research
- Identifying the Warning Signs of Autism in Young Children
Mon October 19, 2009
Auto Incentive Program Slow
By Lisa Autry
Bowling Green, KY – In the month since Kentucky began offering a tax break to spur more new-car sales, response has been weak. The one-year program was approved in a special legislative session as means of boosting the struggling auto industry. Under the program, car-buyers pay sales tax only on the difference between the value of their trade-ins and the price of their new vehicles. Lee Searcy with the Kentucky automobile dealers association blames the slow start on a recent federal
"Cash for Clunkers ended in late August and that really depleted the inventory that most dealers had to sell."
Searcy also says Cash for Clunkers was much more publicized. He thinks more people will take advantage of the state tax credit once awareness of it increases.