Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (17637)	12/29/2001 5:18:54 AM
From: Gary	Read Replies (1) \| Respond to of 18932

Hi Lemonhead, The investment tax credit is not in effect. Just being talked about as part of the stimulus package. You can however, write off the first $24,000 of equipment purchases in any year. For a truck to qualify, it has to weigh over 6,000 pounds. Pickup trucks don't quite make it, but the larger SUVs and many other trucks do. You have to take possession by 12/31 and put the item into service. The difference is that you get a current deduction in computing taxable income, where the credit would have been a direct reduction in the tax. Hope this helps. Gary