AED lobbies Congress to reinstate bonus depreciation
The House and Senate tax committees are being urged by association members to adopt a minor modification to bonus depreciation to increase its impact this year.
“The extenders package is like a carefully crafted Jenga tower that’s been negotiated on a bipartisan basis in a very difficult political environment,” AED Vice President of Government Affairs Christian Klein said. “Even with the support of leading tax committee members, Congressional leaders may be reluctant to tinker with the extenders bill in any way lest the precarious tower collapse. But that’s not going to stop us from giving it our all and trying to persuade Congress it’s the right thing to do.”
The two capital investment incentives have historically been included in a broader bill that extends more than 50 tax provisions that expire on an annual basis. The Senate Finance Committee has already approved a comprehensive extenders bill for 2015 and 2016 that includes bonus depreciation and Section 179.