Tax Extenders Bill Passed

Posted on: December 17, 2014

H.R. 5771 was passed by the Senate on December 16, 2014.  Along with many other individual and business “tax extenders”, this bill reinstates the 50% bonus depreciation and $500,000 Section 179 expensing through 12/31/14.  If you have a need to purchase fixed assets in 2014, please do so immediately.  This law is effective ONLY for 2014.   So, action needs to be taken to place assets in service before 12/31/14.

See the entire bill at:

www.congress.gov/bill/113th-congress/house-bill/5771

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