Economic Stimulus Package Provides Huge Investment Incentives
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Enhanced IRC Section 179 expensing and 50 percent bonus depreciation on capital investments are the business provisions of the economic stimulus package, H.R. 5140, Economic Stimulus Act of 2008. They give companies 50 percent bonus depreciation on investment in new equipment purchased after December 31, 2007 and installed before January 1, 2009. In addition, they also nearly double the limit on capital investment in 2008 that can be expensed, raising it to $250,000 from $128,000 for companies that purchase less than $800,000 of capital assets in the year. Some smaller businesses may be able to use both provisions to their advantage.
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