Centra Machine Tools & Industrial Equipment
|Big News! Section 179 Update |
Increased Expensing on Industrial Machinery Passes/Made Permanent
The Senate has now done its part and passed a year end budget deal that funds the U.S. government through September 2016, avoiding a shut down. This was combined with a package of tax breaks providing much needed tax benefits to a broad spectrum of small businesses. The bill now heads to the President for his signature, which the White House indicates he will sign.
The legislation extends more than 50 expiring tax cuts, with more than 20 becoming permanent, including increasing the maximum amount for small business expensing under IRS section 179 to $500,000. This would be reduced if the cost of section 179 property placed in service exceeds $2 Million. The new permanent Section 179 expensing limit allows a business to take a current year deduction of the full purchase amount up to $500,000 for assets under $2 Million.
Please Take Some Time To View Our Inventory. Don't Hesitate To Contact Centra If You Have Any Questions. Buy From Centra and Save, Just In Sales Tax Alone, (there is NO sales tax in Maryland on capital equipment puchases) Not to Mention the Savings of Buying Quality Pre-Owned Machinery. Stock Items Come With a 30 Return Privilege. (see terms) Centra Buys, Sells, Trades, Liquidates and Appraises Industrial Machine Tools,
and Fabricating Equipment, Including:
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