OMAX- American Recovery and Reinvestment Act of 2009


Are you still considering an OMAX JetMachining Center for your shop? You have new options to purchase one in 2009 with help from Uncle Sam!

Did you know that businesses purchasing up to $800,000 of qualifying equipment in 2009 may immediately expense up to $250,000 under Section 179 of the IRS Tax Code? Equipment acquired with Equipment Finance Agreements or Tax (True) Leases can be eligible for this benefit. Tangible business expenses can be expensed during the year they are purchased, rather than depreciating them across a period of several years.

These tax savings could be used to make some of your monthly payments for an OMAX, thereby reducing the overall cost of equipment ownership!

The American Recovery and Reinvestment Act of 2009 provides additional tax savings! Under this plan, businesses are allowed to immediately write-off 50% of the depreciable cost of new equipment purchases as long as the equipment is both purchased and placed into service in 2009. There are no limitations on the amount of equipment taxpayers can purchase and write-off under this provision. When combined with the Section 179 deduction, your savings can be dramatic!

We have seen our customers benefit from cost savings after owning an OMAX JetMachining Center. We don't know of any other machine tool that can generate cash flow like OMAX products. Please call us or your tax advisor to learn more about Section 179 and the American Recovery and Reinvestment Act of 2009.

When the economic climate gives you lemons - make lemonade! If you would like more information about this huge savings opportunity, please visit our online financial support page at www.omax.com/financial.php or call 1-800-838-0343.

All Topics