For 2020, companies can deduct up to $1,000,000 of capital equipment purchases with the Section 179 Tax Benefit. In addition, companies can now take advantage of the bonus depreciation, up to 100%, on both new and remanufactured equipment.
There is no better time than right now to use this savings to invest back into your business. Obsolete equipment and outdated technology negatively affects your business performance. In today’s business environment its important you stay ahead of the competition.
What equipment qualifies? Everything Somero offers including:
- NEW Laser Screed® Machines
- NEW Material placement equipment
- NEW 3D Profiler System®
- Trade-ins – Somero is currently open to customers looking to trade in their obsolete
equipment towards the purchase of new.
- Remanufactured Equipment – Contact us for details
Have additional questions? Contact us today and see if your machine qualifies.
For more details on this program visit section179.org
To take advantage of this deduction, call us today or submit a contact form.
8:30 – 5:00pm EST: +1 (906) 482-7252, option 4