Congress must extend the bonus depreciation provision of...
Congress must extend the bonus depreciation provision of the American Taxpayer Relief Act of 2012, CenturyLink said Thursday (http://bit.ly/1eBKtyc). The provision expired Dec. 31, and USTelecom, CTIA, NCTA, NTCA-The Rural Broadband Association, Independent Telephone and Telecommunications Alliance, Telecommunications Industry Association…
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and PCIA-The Wireless Infrastructure Association said last month it should be extended. “Bonus depreciation provides tax incentives to companies that continue to invest, or expand their investments, in a slow economy,” CenturyLink said in a post on its policy blog. “Such investments include infrastructure improvements that create new jobs and lead to increased productivity. Extending the bonus depreciation provision will provide companies with the certainty they need to make investments that will improve our global competitiveness and help drive our economy forward.” Opponents said extending the provision would be a costly, poor policy decision.