Federal Tax Credit for Purchasing New Equipment July 15, 2009
Custom Industrial Products, Inc. wants to ensure that everyone interested in improving their productivity, saving on manpower, increasing efficiency, or who just needs help in moving their items vertically from one level to another is aware that the US Government stands ready to help offset a large portion of the purchase price of a helpful and environmentally friendly mechanical material lift from CIP.
Under the 2009 Stimulus Package, there are a couple ways that Uncle Sam can pay for most, if not all, of the cost of purchasing your own, brand new, material lift from CIP. For example, under Section 179, you may be able to deduct up to $250,000 worth of the assets your small business purchases up through December 31, 2009.
