FOX MACHINERY ASSOCIATES, INC.

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Important Tax Notice: ¶201. Regular Code Sec. 179 expense deduction limit is increased to $250,000 and beginning of deduction phaseout is raised to $800,000 for tax years beginning in 2008

Code Sec. 179(b)(7), as amended by 2008 Economic Stimulus Act §102(a), Generally effective: Tax years beginning in 2008, Committee Reports, see ¶5002

¶202. 50% bonus depreciation and AMT depreciation relief are revived for most new tangible personal property and software and certain leasehold improvements acquired during 2008

 

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