There’s good news for American businesses in the recently passed stimulus legislation. The Federal Government’s economic stimulus package allows generous tax breaks for equipment investments in 2008. The bonus depreciation will allow companies to deduct an additional 50% of most new equipment investments made this year!
In 2008, Section 179 allows you to write off the full purchase price of equipment purchases (up to $250,000) along with the 50% Economic Stimulus Act bonus depreciation of purchase cost. This allows for immediate tax relief, and makes purchasing equipment and investing in your business not only feasible, but financially sound. Please consult your local tax advisor for more information.
The Challenge Machinery Company, as one of the last remaining U.S. manufacturers of paper cutters, drills, and paper handling equipment, represents an incredible value in today’s competitive marketplace. Please contact us at Graphic Associates, Inc.. We will gladly show you why Challenge is bottom line...the best value!