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New Incentives for Equipment Orders in Tax Bill

New Incentives for Equipment Orders in Tax Bill

Tuesday, June 10, 2003
 
The tax-relief bill just passed by the U.S. Congress contains a new 50-percent expensing allowance for machine tools and other equipment ordered between May, 2003, and December 31, 2004, and placed in service by December 31, 2004, according to the Association for Manufacturing Technology (AMT). This replaces the temporary 30-percent allowance enacted in 2002. “The 50-percent expensing allowance for all manufacturers will prove a real boost for (tool-and-equipment builders and buyers),” says Albert W. Moore, AMT president. “It will add jobs by enabling America’s manufacturers to more rapidly improve their productivity.” For more, visit www.amtonline.org.

 

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