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Take Advantage of the Tax Break
- Article from:
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Manufacturing Engineering
- Article date:
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June 1, 2008
- Author:
- Anonymous
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Copyright informationCopyright Society of Manufacturing Engineers Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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The IRS has issued guidelines for companies wanting to take advantage of the depreciation allowance that is contained in the recently passed Economic Stimulus Act of 2008. That bill provides a significant tax incentive for businesses making capital investments by adding a special 50% depreciation allowance for qualifying purchases.
This special bonus-depreciation allowance is available to all businesses and ...