Now’s The Time to Complete Your Asset Purchase Plan!

January 15, 2016
Joe Demko
SmithAmundsen Transportation Alert



Trucking companies (like many other industries) have historically been at the mercy of Congress to patch the expiration or decrease of important tax deductions. This year however, Congress provided much needed certainty to several key provisions for companies looking to expand their fleets or make other capital purchases. Money

The more salient provisions, which can help trucking companies maximize deductions for truck and equipment purchases, include:

Companies are now able to implement a capital asset plan with more certainty around the availability of deductions. For more information on tax issues in the transportation industry, contact Joe Demko.