The Economic Stimulus Package of 2008
In February 2008, Congress enacted the Economic Stimulus Package of 2008 (HR 5140 - Pub. L. No. 110-185, 122 Stat). Designed to make increased spending by business more attractive for the 2008 tax year, this legislation provides companies with incentives to purchase assets, such as software, and improve their business. By understanding the full benefits provided by the passage of this act, and taking full advantage of them in 2008, companies can reduce the cost of qualifying property by purchasing it and placing it in service in 2008.
Computer software is included on the list of qualifying property!
Be sure to take advantage of the Economic Stimulus Package of 2008. Complete the registration form at the right to receive this valuable white paper and learn about the key components of this Act, including:
SECTION 179 LIMITS
The maximum deduction available for qualifying assets increased 49%. The overall investment limits for qualifying property is increased 36%.
BONUS DEPRECIATION
A 50% bonus depreciation deduction of the asset basis of qualifying property that is purchased and placed in service in 2008.
“LUXURY” AUTO LIMITS
A temporary increase in “luxury” automobile limits, resulting in an increased maximum allowable depreciation.
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To download the available PDF(s), please complete the form below.
Available PDF(s)
- The Economic Stimulus
Package of 2008
