Tax Code 179 Benefits of
a Straight Machine Tool Purchase or Lease with $1.00 and $101 Purchase Option
Take advantage of Tax Code Section 179 and expense up to the amount allowed for the year the equipment is installed, 2012.
Taxes go up in 2013!
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) was passed by the United States Congress on December 16, 2010 and signed into law by the President on December 17, 2010. For investments in machinery placed in service after September 8, 2010 and through December 31, 2011, the bill provides for 100% bonus depreciation. For machinery investments placed in service after December 31, 2011 and through December 31, 2012, the bill provides for 50% bonus depreciation ****Always check with your accountant to confirm your eligibility for tax benefits.
For further detail, contact your tax advisor or visit http://www.irs.gov