Manufacturers support extension of bonus depreciation.
Press Release Summary:
July 16, 2010 - National Association of Manufacturers urged Congress to extend bonus depreciation, a proven incentive for manufacturers of all sizes to invest in new, more efficient equipment, stimulating much-needed economic growth and job creation. Bonus depreciation allows businesses to immediately deduct 50% of the cost of new machinery, equipment, and other essential capital investments, which lowers after-tax cost of capital equipment and drives demand for such purchases.
Original Press Release
Manufacturers Support Extension of Bonus Depreciation
Press release date: July 14, 2010