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