Several industry associations asked congressional leaders to reinstate...
Several industry associations asked congressional leaders to reinstate bonus depreciation provisions, which ended last year. Renewing bonus depreciation and potentially “the comparable Alternative Minimum Tax credit in lieu of bonus depreciation for 2014” would give “immediate incentive for businesses to…
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make additional capital investments, thereby boosting the U.S. economy and job creation,” said the Monday letter, signed by CTIA, the Independent Telephone & Telecommunications Alliance, NCTA, the Telecommunications Industry Association and USTelecom, among associations in other sectors. “We are united in the belief that immediate renewal of bonus depreciation for 2014 will make an important difference in sustaining and expanding necessary capital investment and its resultant job creation. Bonus depreciation makes such investment a much more certain and attractive business proposition, and it encourages investment and job growth in America right now.”