A new law being proposed in the U.S. House of Representatives will stabilize the amount small businesses can deduct for machinery, equipment, vehicles, furniture, off the shelf software and other qualifying property.
An official IRS release on the proposed law explains:
The section 179 deduction enables small businesses to deduct up to $250,000 of the cost of machinery, equipment, vehicles, furniture, and other qualifying property placed in service during 2009 ($285,000 for qualifying enterprise zone property and qualifying renewal community property).
To read the full, original article click on this link: U.S. Capital Equipment Tax Deduction Rule Section 179 Pending
