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What assistance is available to businesses located in a RC for equipment purchases?

April 26, 2017businesses equipment located purchases RC

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What assistance is available to businesses located in a RC for equipment purchases?

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The tax code allows a Renewal Community Business to take an additional expense deduction of up to $20,000 per year (increasing to $35,000 after December 31, 2001) on purchases of tangible personal property (equipment) for use in a RC.