AMT joined an ad hoc group of 77 organizations in & hellip;

AMT joined an ad hoc group of 77 organizations in sending a letter to Congress urging extension of current bonus depreciation and section 179 expensing levels through 2012.

AMT joined an ad hoc group of 77 organizations in…

 

An ad hoc group of 77 organizations, including AMT, sent a letter to Congress urging extension of current bonus depreciation and section 179 expensing levels through 2012.

Under current law, bonus depreciation and section 179 expensing will be extended in 2012, but at a lower rate of 50-percent bonus depreciation and a lower amount of $125,000 for section 179 expensing with a $500,000 phase-out cap. In 2011, 100-percent bonus depreciation and a $500,000 amount for section 179 expensing is allowed with a phase-out cap of $2 million.

Letter to Congress Supporting Extension of Bonus Depreciation/Sec. 179 Extension

One Page Fact Sheet on Current Law Depreciation Incentives

IMTSedu Webinar: Using Tax Incentives to Your Advantage

SOURCE

More in Home