The Tax Cuts and Jobs Act recently signed into law by the President includes provisions for increasing depreciation limits.
Section 3101: Companies can now immediately expense 100% for machinery and equipment and qualified improvement property acquired and placed into service after September 27, 2017. The provision applies to both new and used property. The 100% expensing is available through 2022, after which it begins phasing out.
Contact your Makino Capital Services representative to understand how you can take advantage of this program and the latest news on possible increases to purchase limits.
Please consult a qualified accountant to determine how these benefits may apply to your business.
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