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Tax Policy Background

Tax Incentives Give Capital Investment Boost in 2012

Capital investment in 2011 was given a huge boost when the “Lame Duck Session” of the 111th Congress enacted The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the most aggressive capital investment tax policy in recent memory. However, much of the power of these incentives was lost with the expiration of 100 percent Bonus Depreciation and a reduction in IRC Section 179 Expensing that occurred at the end of 2011. Notwithstanding these reduction, the remaining 50 percent Bonus Depreciation and Expensing capital investment tax incentives still provide a significant catalyst for investment, albeit not as robust as in 2011. Additionally, there is also the possibility that in 2012 Congress will reinstate 100 percent Bonus Depreciation along with extending other expired or expiring tax provisions.

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It is important to note, however, that the affect of federal law varies from state to state. NPES cautions that its tax calculator and the following article are solely informational and do not constitute legal or other advice from NPES.  In that regard, readers are advised to seek professional counsel from their own financial, accounting and legal advisors to apply these new incentives and other tax laws to their particular circumstances.  For more information contact NPES Government Affairs Director Mark J. Nuzzaco at phone: 703/264-7235 or e-mail: mnuzzaco@npes.org.

Lame Duck 111th Congress Lays Golden Egg for Capital Investment

New Incentives Part of Extension of Bush-Era Tax Cuts and Other Pro-business, Pro-growth Tax Law

Capital investment was given a huge boost when the “Lame Duck” 111th Congress in its waning days enacted and President Obama signed into law The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 on December 17, the most aggressive capital investment tax policy in recent memory.  The legislation also in extends the Bush-era tax cuts and includes a number of other pro-business, pro-growth provisions beyond the scope of this article. 

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Expensing and Bonus Depreciation Extended Again:

Increased SBA Financing and Small Business Lending Fund Also Approved

Enhanced IRC Section 179 expensing and 50 percent bonus depreciation have been extended again as President Obama has signed into law the Small Business Jobs and Credit Act. The legislation also continues the enhancement of popular Small Business Administration (SBA) 7(a) and 504 loan programs, extends expiring loan guarantees and borrower fee reductions, and provides a new $30 billion fund for smaller banks to lend to small businesses.


Making the Most of the Economic Stimulus Act

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