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NOT SIGNED YET!
October 14, 2004
As of this morning, the President has yet to sign the ETI repeal tax bill. That means you can still take delivery of that business SUV weighing over 6,000 lbs today and take a Section 179 deduction of up to $102,000. The reduction of the SUV Section 179 deduction to $25,000 takes effect the day after the President signs off.
More information here, here, and here.
Remember, the Section 179 deduction is only available for equipment used primarily in a business.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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