Section 179 – Thank you Congress!

Posted July 6, 2016

The Tax Extenders Bill has been enacted! Section 179 has been passed for 2015.

For nearly every contractors across the country, 2015 has been a profitable year. Therefore proper tax planning right now is more important than ever because the generous tax breaksavailable to small and medium-sized businesses expire December31,2015.

If you have been considering acquiring a Laser Screed®,now is the time! When 2015 ends,so toowill the current Section179 tax deduction and 50% Bonus Depreciation.

For 2015,companies can deduct up to $500,000 of capital equipment purchases of $2,000,000 orless. Also, 50% bonus depreciation allows businesses to take a deduction for equipment purchases beyond the amount allowed under Section 179.

You must hurry. Equipment must be delivered and put it into service beforeDecember 31, 2015 in order to qualify.

There is no better time than right now to use this savings to invest back into your business.Obsolete equipment and outdated technology negatively affects your business. In today’s competitive business environment it’s important you stay on the cutting edge.

What equipment qualifies?

Every Laser Screed® new, used,or reconditioned is eligible for Section179. Used andreconditioned equipment are not eligible for 50% bonus depreciation.

Below is an example of how much you may save in 2015.

More information can be found at www.Section179.org

To discuss specifically how Section 179 and Bonus Depreciation impacts your business,consult your tax advisor.

The above tax savings assumes a 35% tax bracket.