Good Tax News for 2014

Obama Signs Key Industry Legislation

Wed December 24, 2014 - National Edition
Construction Equipment Guide


After much pressure from businesses, President Obama signs pro-industry bill.
After much pressure from businesses, President Obama signs pro-industry bill.

President Obama signed the Tax Increase Prevention Act into law Dec. 19. Among the 50 expired tax breaks the bill extends is a reinstatement of the 50 percent depreciation bonus for 2014 and an increase of the Section 179 expensing levels this year to $500,000 with a $2 million phase-out cap. Both of these tax breaks expired Dec. 31, 2013. In addition to affecting equipment purchases made in 2014 retroactively, this bill would in effect create a window for last-minute purchases made prior to Dec. 31, 2014, to be included.

Visit www.constructionequipmentguide.com and AED’s www.http://depreciationbonus.org/ for more information.




Today's top stories

R.S. Audley Leads 'Scratch and Patch' Work On Five Bridges

Focusing On Hazard Communication Standards

Trumbull Tackles 'a Little Bit of Everything' On Ohio River Crossing

Scarsella Brothers Fix 'Astronomical' Flood Issue on SR 112

Doosan Bobcat Continues Expansion With Groundbreaking of $70M Manufacturing Campus in North Carolina

Case Construction Equipment Announces 2020 Diamond Dealer, Gold Dealer Award Winners

How to Be an A+ Crane Signal Person

West Coast Power Tech Startup to Build New HQ, Campus in Durham, N.C.








ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo