In 2010, President Obama signed into the law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010,” H.R. 4853, that will provide 100 percent bonus depreciation for investments placed in service after September 8, 2010 and through December 31, 2011. IPC and its members worked all year to accomplish the enactment of this important tax provision to assist electronics manufacturers compete globally.

The enhanced bonus depreciation benefit enacted into law is greater than the current benefit. Before enactment of the new bonus depreciation law, businesses were allowed to recover 50 percent of the cost of capital expenditures over time according to a depreciation schedule. The bill extends and temporarily increases the bonus depreciation to 100 percent for investments placed in service after September 8, 2010 and through December 31, 2011. For investments placed in service after December 31, 2011 and through December 31, 2012, the bill provides for the current 50 percent bonus depreciation.

If you are considering technology purchases for yourself or your company and would like to take advantage of this Act, please give us a call at 866.976.9136  or drop us a line through our contact form.  We’re ready to help!