Should Congress extend bonus depreciation provisions intended to stimulate purchases of new equipment?
Background The 2008 Recovery Rebates and Economic Stimulus for the American People Act enacted a bonus depreciation provision allowing business to immediately write-off 50 percent of the cost of appreciable property (e.g., equipment, furniture, print presses, and computers) acquired for use in the United States. The provision was limited to purchases made in 2008 but it was extended in the American Recovery and Reinvestment Act of 2009. Now, businesses will be able to take advantage of the bonus depreciation until the end of 2009 or until the end of fiscal year 2009. Printing Industries of America Position Printing Industries of America was very supportive of the bonus depreciation provision provided in both pieces of legislation. Congress should consider a more permanent extension of bonus depreciation in order to continue to stimulate economic growth. 111th Congress and Obama Administration H.R. 1, the America Recovery and Reinvestment Act, was the first major priority for the 111th
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