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Why is it important to distinguish between passenger vehicle and motor vehicle?

April 26, 2017distinguish motor passenger vehicle

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Why is it important to distinguish between passenger vehicle and motor vehicle?

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A passenger vehicle is an automobile purchased or leased after June 17, 1987. Most cars, station wagons, vans, and some pick-up trucks are passenger vehicles. Passenger vehicles are subject to the limits for capital cost allowance, interest, and leasing costs.