CADA Open Road
TAX BILL WITH SIGNIFICANT PROVISIONS AFFECTING DEALERS PASSED BY CONGRESS
NADA 60-Second Email, Dec. 18, 2015
Today Congress passed a $622 billion tax bill that will allow dealers and their customers to expense a larger portion of business equipment purchases. The "Protecting Americans from Tax Hikes Act of 2015" lowers taxes and gives automobile and truck dealers and their customers certainty to make business decisions for these important tax provisions.
These provisions will be of interest to those purchasing passenger automobiles and trucks for business purposes, but those vehicles are subject to limits on the amount that can be deducted under Sec. 179 expensing and bonus depreciation allowances.
Click here to read more!
TAX BILL WITH SIGNIFICANT PROVISIONS AFFECTING DEALERS PASSED BY CONGRESS
NADA 60-Second Email, Dec. 18, 2015
Today Congress passed a $622 billion tax bill that will allow dealers and their customers to expense a larger portion of business equipment purchases. The "Protecting Americans from Tax Hikes Act of 2015" lowers taxes and gives automobile and truck dealers and their customers certainty to make business decisions for these important tax provisions.
These provisions will be of interest to those purchasing passenger automobiles and trucks for business purposes, but those vehicles are subject to limits on the amount that can be deducted under Sec. 179 expensing and bonus depreciation allowances.
Click here to read more!
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