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January 03, 2004

Extra tax deduction on equipment (including electronics..?)

Wired News: Incentive to Recycle Tech Gadgets

The tax break gives businesses an added 50 percent "bonus deduction" from a company's profit for equipment purchased between last May 5 and the end of next year. The deduction, in a law signed by President Bush, is on top of the 30 percent first-year write-off that many businesses take on new equipment.

Posted by vanevery at 12:37 AM