New Law Extends Investment Incentives for 2010
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.
"Bonus depreciation and increased small business expensing are tools needed by printers and companies in a broad cross-section of industries to maintain viability, save jobs, and make investments," said Printing Industries of America CEO Michael Makin. "These provisions are steps to relieve the current credit crunch, but access to credit will not matter if there is a lack of print customers. As long as uncertainty abounds regarding tax, health care, and regulatory policy, that uncertainty will continue to prevent a healthy recovery in our industry. Moving forward, Printing Industries would like Congress to consider making these provisions a permanent part of the tax code."