We are always looking for new ways to help our customers achieve success. As a small business working with small businesses, we hope to help more customers reach their goals.
Orlando, FL (PRWEB) November 29, 2016
Vehicle Inspection Systems, the front runner for heavy duty vehicle, truck and bus safety in the trucking and transportation industry for more than 20 years, wants customers to be informed about the Section 179 tax deduction worth up to $500,000. This deduction can be applied to VIS equipment including the VIS-Polish, VIS-Shine, BrakeMate™ and more, but only lasts through the end of 2016.
The deduction limit is $500,000 for equipment that is financed or purchased and put into service by December 31, 2016 at the end of the day. The incentive also targets smaller businesses with a $2,000,000 spending cap on equipment. This is the maximum amount that can be spent on equipment before the deduction available reduces on a dollar to dollar scale. Additionally, bonus depreciation is taken after the section 179 spending cap is reached. The bonus depreciation is only available for new equipment, and is 50% for 2016.
“We are always looking for new ways to help our customers achieve success,” Mark Keegans, Vice President of VIS, said. “Our equipment is attainable for more people with the Section 179 tax break. As a small business working with small businesses, we hope to help more customers reach their goals.”
For more questions answered, visit vischeck.net or section179.org, the official resource for Section 179 questions.