"Under President Bush proposed fiscal stimulus bill, which consists of temporary tax cuts for individuals and business investment, contractors and other businesses that buy no more $800,000 of equipment in 2008 (up from $510,000 under current law) would be able to expense the first $250,000 (up from $128,000). Businesses of any size could expense 50% of equipment bought in 2008, in addition to otherwise allowable depreciation on the remaining 50%."
Source...The Associated General Contractors of America.
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