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During what period may Qualified Machinery and Equipment have been purchased?

April 26, 2017equipment machinery period qualified

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During what period may Qualified Machinery and Equipment have been purchased?

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To qualify, machinery and equipment may have been purchased up to two years (24 months) prior to being placed in service. For example, a piece of equipment placed in service May 25, 2006 may have been purchased any time between May 25, 2004 and May 25, 2006.