Ride a $2,500,000 Harley Davidson motorcycle, and you’ll get a $10,000 tax credit for every dollar of motorcycle you drive
The Tax-Credit Administration has granted an exemption for a $1,000,000 motorcycle to a man from Georgia who owns it for personal use.
The man, James P. Clark, has leased his Harley Davidson and bought a tax credit to use for the purchase of the motorcycle, the Atlanta Journal-Constitution reported.
Clark bought the motorcycle last month from the seller of the previous Harley Davidson for $2.1 million, but he paid the seller a hefty deposit to get it.
The motorcycle was purchased in August 2014 by Clark for $1.8 million and he got a $600,000 credit in 2017.
The tax credit is based on the value of the new vehicle.
Clark said in an interview that he is trying to save money so that he can afford a family home.
He has also made donations to various causes, including the Georgia chapter of the National Association of Black Journalists, which is working with Clark to make a donation to the National Park Service.
Clark plans to sell his motorcycle and donate proceeds to the charity of his choice.