Aem Pegs Equipment Depreciation Bonus In Economic Stimulus Package
- Published: Wednesday, 07 May 2008 13:03
- Written by Concrete News
Source: Association of Equipment Manufacturers, Milwaukee
Beyond rebate checks destined for individual taxpayers beginning this month, businesses will benefit from a key provision in the economic stimulus package that cleared Congress and the White House in February. Of particular interest to equipment buyers and manufacturers, AEM reports, is the legislation's allowance for businesses to deduct 50 percent of the cost of new equipment purchased and placed into service in 2008.