- The Washington Times - Friday, June 17, 2005

Sully show planned for Father’s Day

The 32nd annual “Sully Antique Car Show” will be held Sunday at the historic home site in Chantilly.

In addition to judging, the rain-or-shine event will offer car restoration displays, music, food, a car corral, flea market and tours of the historic Virginia house.

Registration will be from 8 to 11 a.m., with the field limited to 400 vehicles.

None can be newer than 1972.

Judging will be until 3:30 p.m. in 35 classes, with three trophies awarded in each class.

For more information about registration and other fees, directions and vehicle classes, call 703/437-1794.

‘Great Race’ begins from U.S. Capitol

The 23rd annual “Great Race” will begin June 25 on the West Side of the U.S. Capitol, with about 100 antique cars in the running.

The event, free to the public, memorializes a 1908 race to Paris that began in New York City.

This competition is a time-speed-distance road rally across America in 14 days to Tacoma, Wash., for autos manufactured at least 45 years ago. The purse is $250,000.

The race starts at 11:30 a.m. from Pennsylvania Avenue and Third Street NW on Capitol Hill.

3 area dealers win GM excellence awards

Three area dealers were recently were given “dealer of the year” awards by General Motors.

Among 110 dealers receiving recognition in New York on June 9 were Charles T. Lindsay III of Lindsay Cadillac Co. in Alexandria, Kurt Schirm of International Motors Ltd. in Falls Church, and James E. Koons of Koons Chevrolet in Vienna.

Each dealer received the 2004 Jack Smith Leadership Award, named after the retired chairman and chief executive officer who started the honors program.

“The GM ‘dealer of the year’ honor recognizes our dealers who lead by example in superior customer service, vehicle sales and community leadership,” said Mark LaNeve, a group vice president for General Motors of North America.

Car donations bring fair-market value

The Treasury Department and Internal Revenue Service have released new guidance on charitable deductions for donated cars and trucks.

The American Jobs Creation Act, which became law on Jan. 1, mandated that prospective donors could deduct for tax purposes only the amount of the actual sale price of a vehicle going to charity.

But the government has reinstated the fair-market-value rule for vehicles donated to charity. The value is commonly known as the Blue Book value.

The change comes because critics of the original Senate legislation complained that the sales-value provision was a disincentive for vehicle donors.

The charitable donations are tax deductible.So essentially, the donation guideline has been changed back to before the law was changed on Jan. 1, Knight Ridder/Tribune Business News reported.

“This is an extraordinary result for us,” said Norman Yatooma, chairman and general counsel for Charity Motors. The Detroit-based nonprofit organization donated 6,000 cars and trucks to charities in 2004.

“Under the new guidance, donors may take the fair-market value at the time of the donation,” he said. “Prior to the change [back], you could only deduct the sale price of the car at the time of the sale.”

Fax or mail items of interest to Bill O’Brien, Auto Notes, The Washington Times, 3600 New York Ave. NE, Washington, D.C. 20002. Use fax number 202/832-2167. The deadline is 5 p.m. on the Monday before publication on Friday.

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