News and Trade Show Information
Barbarotto Machinery & Videx Machine Engineering
will be attending...
October 17 - 19, 2017
Las Vegas Convention Center, Central Hall-C4 & C5, Las Vegas, USA
Exhibits Hall Open Wed. & Thurs. New Exhibit Hours: 9am - 4pm
Barbarotto's Booth No. 114
Videx's Booth No. 112
The Section 179 Deduction.
News Alert: Permanent $500k will likely be passed by Congress
Dec 17, 2015 - "The Protecting Americans from Tax Hikes Act of 2015" will likely be passed by Congress in the next few days - expanding the Section 179 deduction limit to $500,000. Read the summary from the Ways and Means committee here.
Section 179 will be permanent at the $500,000 level. Businesses exceeding a total of $2 million of purchases in qualifying equipment will have the Section 179 deduction phase-out dollar-for-dollar and completely eliminated above $2.5 million. Additionally, the Section 179 cap will be indexed to inflation in $10,000 increments in future years.
50% Bonus Depreciation will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.
More on the Official website of Section 179