With only one month remaining in 2017, now is the time to purchase Matsuura’s High-Speed and High-Precision Machine Tools to take advantage of this year’s Tax Incentives. Matsuura Machinery USA, Inc. encourages customers to purchase now to benefit from the Section 179 and Bonus Depreciation Exceptions.
Matsuura Machinery USA, Inc. has many machines available to ship by year-end. Please contact your exclusive Matsuura USA Distributor or Marketing@MatsuuraUSA.com to learn more.
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you purchase a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
The Section 179 Deduction allows a machine tool buyer to deduct the first $500,000 from their taxable income for up to the phase out cap of $2,000,000. For amounts over this $2,000,000 phase out cap, there is a dollar for dollar deduction of this Section 179 allowance. This Section 179 is applicable to new or used equipment purchases.
The Act also schedules the Bonus Depreciation to 50%. This Bonus Depreciation will allow a deduction of half the remaining basis after the Section 179 Deduction is expensed. Bonus Depreciation is only allowed for new equipment purchases.
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has delivered unmatched excellence in high speed and high precision CNC machine tools. From full 5-axis, vertical, horizontal, linear motor or multi-tasking CNC machine tools, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. provides the service, applications, and technical field support that have always been the Matsuura standard for business.
For more information on Matsuura products, contact: MatsuuraLUMEX@MatsuuraUSA.com or visit: matsuurausa.com.