Vehicles

Capital Equipment Tax Write-Offs Make Now Good Time To Buy

Posted on November 4, 2015 by - Also by this author - About the author

Chauffeured vehicle shopping scene from the International LCT Show at the Sands Expo in Las Vegas, March 16, 2015. The trade show floor at LCT-NLA Show East in Harrah's Atlantic City opens at 4:30 p.m., Sunday, Nov. 8. It's the last industry trade show until capital equipment tax write-offs are set to expire Dec. 31, 2015. 
Chauffeured vehicle shopping scene from the International LCT Show at the Sands Expo in Las Vegas, March 16, 2015. The trade show floor at LCT-NLA Show East in Harrah's Atlantic City opens at 4:30 p.m., Sunday, Nov. 8. It's the last industry trade show until capital equipment tax write-offs are set to expire Dec. 31, 2015. 
ATLANTIC CITY, N.J. -- Operators who purchase any vehicles or products at the Nov. 8-10, LCT-NLA Show East can benefit from the Section 179 capital equipment tax write-offs still valid through 2015. 

To take advantage of the current deduction and any retroactive raise, operators must buy the equipment and place it into service by Dec. 31, 2015

The Section 179 Deduction is now $25,000 for 2015. This means businesses can deduct the full cost of equipment from their 2015 taxes, up to $25,000, with a "total equipment purchased for the year" threshold of $200,000, according to a tax deduction explainer from Crest Capital. Section 179 is a true small to medium business tax deduction. The deduction is unaffected until $200,000 in equipment purchases is reached (where it then decreases on a dollar for dollar basis.)

As of Nov. 3, 17 limousine and bus OEMs, manufacturers, coachbuilders and dealers had reserved exhibit space for the Show at Harrah's Atlantic City's Waterfront Conference Center, site of the trade show. Exhibitors will display vehicles for 11 hours total across the three days of the show.

ALL LCT EAST EXHIBITOR INFO HERE

View comments or post a comment on this story. (0 Comments)

More News

Tesla Model S On Autopilot Involved In Crash

The vehicle struck a tourist bus in Germany, slightly injuring the driver.

Why, It's Just The Cutest Little Bubble Bus

Las Vegas casinos are about to get a small, self-driving shuttle.

Tiffany Limo Bus Offers Versatile Entertainment

Vehicle Pick Of The Week: The used 2012 MY party bus has low miles for under $100,000.

New Cadillac CT6 Helps Move Brand

The vehicle is priced right to make strides in the competitive luxury car class.

Bespoke Rolls-Royce Interiors To Make You Marvel

From one-of-a-kind cars to extremely limited-edition runs, here are just a few of the marvels that have been built.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - September 2016 $12.95 COVER STORY: * How Do We Max Our Markets? * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close