This page was printed from https://marinefabricatormag.com

House OKs faster write-offs for equipment

September 2nd, 2014 / By: / Industry News

In July, the U.S. House of Representatives voted to allow companies to write off more than half the cost of investments in the first year, providing a tax boost to businesses. The plan, passed 258-160, over the next decade, would reduce federal tax revenue by $287 billion, helping companies that regularly make capital investments. All but two Republicans and 34 Democrats voted for the measure.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and will show up after being approved.