Obama Extends Bonus DepreciationNovember 2010
Printers can take advantage of the 50 percent bonus depreciation deduction on new equipment purchased and placed in service in 2010. Also helpful to printers is the law’s provision that increases the small business expensing limit to $500,000—its highest level ever. PIA pushed for the inclusion of these tax relief provisions.
In July, PIA representatives and Global Printing CEO Jon Budington testified before the U.S. House Small Business Committee, urging Congress to pass pro-growth legislation.
The provision to increase small business expensing (Section 179) will allow printers to make immediate investments in their businesses. The law increases expensing limitations up to $500,000 and provides an increase in the phase-out threshold amount to $2 million for 2010 and 2011. PI