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December 2017
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Equipment distributors join multi-industry push to reinstate 100 percent depreciation bonus

On June 1, Associated Equipment Distributors joined a coalition of 80 business organizations and companies on a letter to congressional leaders calling for reinstatement of the 100 percent depreciation bonus for 2012. "These bills will provide an immediate and temporary incentive for businesses to make new capital investments in the United States," the coalition stated. "Enacting this legislation will enable business to access capital for immediate investment and create jobs in the United States now." The coalition urged House and Senate leaders to support two companion bills: H.R. 4196 and S. 2240 that would reinstate the 100 percent depreciation bonus for 2012.  The 80 co-signatories also encouraged Congress to allow additional companies to apply for the depreciation bonus via their Alternative Minimum Tax credits and to permit companies that use the percentage of completion accounting method to take advantage of the capital investment incentive. The Tax Relief, Unemployment Insurance Reauthorization & Job Creation Act of 2010 provided 100 percent depreciation bonus for capital investments placed in service after Sept. 8, 2010, through Dec. 31, 2011.  However, for equipment placed in service after Dec. 31, 2011 and through Dec. 31, 2012, the bill provides for 50 percent depreciation bonus. Tell your lawmakers how valuable extending 100 percent bonus depreciation would be for your business.