AED pushing for relaunch of capital investment incentives
A bill introduced by U.S. Sen. Pat Roberts (R-KS) would permanently reinstate a law previously on the books that would amend the Internal Revenue Code and permanently reinstate 50 percent bonus depreciation for business property launched after Dec. 31, 2014. The legislation is a companion piece to Rep. Pat Tiberi's (R-OH) House Bill 2510.
Additionally, legislation that would reinstate bonus depreciation for 2015 and 2016 has been introduced by Sen. Debbie Stabenow (R-MI).
AED officials have urged lawmakers to not only reinstate bonus depreciation, but to also bump expensing levels, which would incentivize equipment purchases throughout the year.
The provisions the lawmakers are attempting to reinstate ended in 2014.