2008 Economic Stimulus Act- Business Provisions

This Act provide some incentive for businesses, among those you find;
50 Percent Special Depreciation deduction Allowance-to recover the cost of assets placed in service.
New depreciation limits on Business Vehicles-the maximum that can be taken for assets placed in service is $3,160 to $11,160.
Section 179 Expensing deduction was double from last year. -Business can expense up to $250,000 in assets placed in service in 2008.
These incentives are created to stimulate the economy.