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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (194111)	12/24/2015 2:57:57 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206089

You can expense the first $500k of capital equipment under Section 179 was passed in 2005 when the real estate bubble began to weaken. But this was limited to companies which put less than $2.5 million of capital equipment into service during that tax year. Congress refused to renew this 100% depreciation past the end of 2014 due to a sudden case of "deficit concerns". But with election year in 2016 Congress doesn't want to be tagged as anti-small business and have reauthorized Section 179 beginning January 1, 2016 as part of the Omnibus Spending Bill. There's also Section 168(k) Bonus Depreciation which allows all businesses to expense 50% of capital equipment placed into service without limitations. Large businesses are more reliable political donors than small businesses, and consequently tougher to ignore, so Congress reauthorized 168(k) for 2015 even as the eliminated the more generous 179 for small business. Needless to say Section 168(k) will remain in force during 2016. "Deficit concerns" don't apply to major political donors.