Anxiously Awaiting Stimulus Results

Well this morning I heard that congress will pass the new stimulus bill as early as tomorrow. I am eager to read the letter of this bill, especially concerning small business incentives, such as accelerated depreciation. Last year these incentives included a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008, often referred to as “bonus depreciation.” What I hope to see is a renewal or increase of this law for 2009. This will help businesses who are in need of new equipment, like my logistics and trucking customers,  take a tax write-off to help offset the initial investment.  For now we’ll wait until they release the fine print.

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About the Author / Carrie