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To: ChuckShick
I don't know how they will structure this - if it will just apply to vehicles, but currently Section 179 depreciation applies to all equipment used in businesses. I had many clients who went out & purchased not only vehicles, but other equipment right before the year-end to get the break. This deduction stimulated growth in the economy by stimulating business equipment purchases.
7 posted on 10/07/2004 2:30:28 PM PDT by gubamyster
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To: gubamyster

"This deduction stimulated growth in the economy by stimulating business equipment purchases."

Exactly. Buying SUVs is good for the economy. Tell it to the auto workers.


17 posted on 10/07/2004 3:13:47 PM PDT by AMDG&BVMH
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