2013 Tax Incentives for Manufacturing Companies Buying Capital Equipment
Section 179 has been enhanced for *both* 2012 and 2013 tax years (2012 is retroactive). This is due to the passage of H.R.8: American Taxpayer Relief Act of 2012.
Highlights include:
2013 Deduction Limit = $500,000
2013 Limit on Capital Purchases = $2,000,000
2013 Bonus Depreciation = 50%
Please note the above limits are as of 1/1/2013, and are for tax year 2013. In addition, 2012's old limit ($125,000 deduction) has now been raised to $500,000 as well. This means qualifying purchases you made in 2012 can now take advantage of the new, higher deduction limits.
FAB-TECH 2013 - November 18-21, 2013 McCormick Place Chicago, Illinois
Please visit us at Fab-Tech in Chicage November 18-21 in Booth #N674.
MSI is located in Beaumont, TX and builds chamfering and pipe beveling machines, marking equipment, hydraulic bar shears, nut assembly tables, cylindrical parts feeders, bolt cross drills, and bolt shortening tools and services an international customer base in a variety of industries.
Click here to contact us about your pipe beveling and bar chamfering needs.
