Profiting from the tax laws: two recent changes in the depreciation schedule may encourage producer capital purchases. (Fleet Factors).(Brief Article)
From: The Concrete Producer
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Date: 7/1/2002
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Author: Yelton, Rick
For many fleet managers, financial considerations and not field problems dictate approval of new truck and equipment purchases. So when Congress enacts a major change in the income tax rules that's intended to encourage capital investment, it suggests that it might be easier this season to convince upper management to approve purchases.
Last March, President Bush signed into law several changes in tax law provisions for businesses designed to spur capital spending and thus ...
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