The Protecting Americans from Tax Hikes Act of 2015
still has tax incentives that can benefit your growing business. Section 179
of the Tax Hikes Act
extends the bonus depreciation program to businesses of all sizes. Under this provision, businesses will be able to depreciate 50% of the cost of property acquired and put into service during 2016.
This is a major incentive for you to buy equipment before year-end. In order to qualify for the depreciation benefit, equipment must be purchased and put into service by 11:59 pm on December 31, 2016
. Below are sample calculations of the savings you could realize by purchasing new or used equipment by the deadline:
*Based on 35% Tax Bracket
Calculations For Informational Purposes Only
With locations across North America, Coast Crane Company can help your business take advantage of this amazing benefit before year-end. Call us today to get a quote on one of our top industry brands of new and used traditional and hydraulic cranes; tower cranes; crawler cranes; rough terrain cranes; carrydeck cranes and boom trucks.