PATH Act passed by Congress in 2015.
It includes a package that allows businesses of all sizes to depreciate the cost of new equipment by:
The PATH Act also includes a provision called Section 179 that allows qualifying businesses to take a major deduction on the first $500,000 of new or used equipment.
* This announcement is intended for informational purposes only and should not be considered tax or legal advice. District Finance Managers do not provide tax
advice. Customers should contact their tax, legal or accounting advisor with specific questions about potential tax savings and details regarding the PATH Act.