The Economic Stimulus Act of 2008 includes two business related tax incentives that may lower your cost of investing in equipment.
The first incentive allows companies that purchase less than $800,000 of capital assets in a year to now expense the first $250,000 of capital investment, effective only for purchases made in 2008.
The law also includes a 50 percent accelerated depreciation allowance that applies to capital equipment purchased in 2008 and placed in service during this period. Under this provision, companies are eligible for a "bonus" first-year depreciation totaling 50 percent of the cost of the investment and can depreciate the remaining basis of the asset under the regular depreciation rules.
Frain Industries is the largest Pre-Owned Equipment Dealer in the World. We house over 8,000 new and late model machines in our 1.25 Million square foot warehouse.
With the abundant resources Frain has to offer, we can get you from project conception to completion while saving you time and money. Take advantage of the incentives the stimulus package has to offer and call Frain today to ensure a successful project!