Section 179 rates are BACK!! With the signing of the HIRE jobs in Washington DC, the Section 179 expense allowance is back up to $250,000!!!
What does this mean for you?
- On 1/1/2010, the cap was reduced to $134,000 by the ARRA (American Recovery & Reinvestment Act)
- The recent bill signing raised it to $250,000 – an additional $116,000 of potential saving for your customer!
Does this apply to new and remanufactured machinery as well?Absolutely! New and remanufactured machinery is included
How long does it last?Machines must be ordered – and installed – by December 31, 2010
What if I postpone my purchase decision until 2011?
Under current tax law, Section 179 will reduce to only $25,000
Take advantage now and contact Peddinghaus for details! Remember, you made need to check with your CPA to see if you are eligible.