Is this "good" news for manufacturing incentives?

Tax payer relief act ^ | 1/9/2013 | .Gov

[mikelets456]

American Taxpayer Relief Act, the deal that kept us from going off the “Fiscal Cliff,” also brought back increased expensing limits for small businesses.

For the 2013 tax year, the Section 179 Expensing Limit has been raised back to $500,000, the increased level in effect in 2010 and 2011 and is not reduced until the cost of section 179 property placed in service exceeds $2 Million.

H.R. 8: American Taxpayer Relief Act of 2012. Click this link to download the 154-page Act (better known as the "Fiscal Crisis Bill") and go to 'SEC.315. Extension of Increased Expensing Limitations and Treatment of Certain Real Property as Section 179 Property.' 2013 Expense Deduction Limit has been raised to $500,000 The American Taxpayer Relief Act reinstates the 2010-2011 year expensing limit of $500,000 through 2013 (Maximum allowance was slated to drop to $25,000 this year). 2013 Limit on Capital Purchases = $2 Million Section 179 Threshold for total of equipment & software that can be purchased has increased to $2 Million (threshold would have been only $500,000 prior to the new legislation). 2013-2014 Bonus Depreciation = 50% The new law allows 50% "Bonus Depreciation" on qualified assets placed in service during 2013 and 2014.

[mikelets456]

I know this helped manufacturing years back and believe it or not, with gas prices high, the dollar low and cost of living skyrocketing in China...raw material manufacturing is picking up quite a bit in the USA. I am in this industry and it is the best we've seen it in quite some time. Let me know what you think as I'm an "uneducated Tea Party Conservative" and too dumb to understand this fully...(sarcasm)