The 2008 Tax Stimulus Bill – a Huge Tax incentive for businesses who take delivery of their printer equipment prior to December 31, 2008.

The Economic Stimulus Act of 2008 provides large savings for companies purchasing and installing printing, publishing and converting equipment by December 31, 2008.

Enhanced IRC Section 179 expensing and 50 percent bonus depreciation on capital investments are the business provisions of the economic stimulus package, H.R. 5140, Economic Stimulus Act of 2008.

Companies can receive 50 percent bonus depreciation on investment in new equipment purchased after December 31, 2007 and installed before January 1, 2009. They can also nearly double the limit on capital investment in 2008 that can be expensed, raising it to $250,000 from $128,000 for companies that purchase less than $800,000 of capital assets in the year. An added bonus is that some smaller businesses may be able to use both provisions to their advantage and nearly double the amount they immediately write-off during 2008.

In the current economic climate, many companies are reluctant to drain operating cash reserves or deplete existing credit lines and that is where leasing can help.  Companies can lease their new equipment and still benefit from the tax incentives the 2008 Stimulus Package provides.

There are huge tax savings for printing companies who invest in new equipment this year.  Waiting until next year will cost more money. 

Click on this link to calculate your estimated 2008 Tax Incentive.

For more information about the Laser Mail system and Stimulus Package please contact us at info@psiengineering.com or call us at 905-858-3600 or use our Contact Page.