Equipment industry presses for tax benefit extension

Published: July 16, 2010
Tags: Association of Equipment Manufacturers, bonus depreciation, Congress, economy, equipment, purchase, recovery, Riley Construction, stimulus, tax

By Caley Clinton An extension to a federal tax benefit for equipment purchases could kill the market urgency the measure was designed to create. The bonus depreciation law, which was in effect during the 2008 and 2009 tax years and could be reinstated for 2010, lets companies write off equipment purchases more quickly to encourage [...]