Tax Break for Sign Industry Purchases
There’s a bill before the U.S. Senate that you should not only support, but it’s one that could also save you thousands of dollars. The legislation, “America’s Small Business Tax Relief Act of 2015,” restores and makes permanent the enhanced Section 179 expensing provisions that expired at the end of 2014.
If this bill becomes law, it will allow businesses to immediately write off up to $500,000 of investments in new property and equipment, in the year that it is purchased rather than being forced to depreciate the cost of the investment over time. Making Section 179 a permanent part of the tax code will help the sign industry invest and compete by helping them (and their customers) defray the tax cost of their investment.
ISA joined with manufacturing groups to urge the U.S. House to pass this bill –which it did. Now the U.S. Senate must do the same. ISA will continue to work with our allies to enhance the Section 179 provisions and make them permanent. To help support this bill, please contact David Hickey.
