PMMI wants to alert all PMMI members to the potential benefits of the recently-passed "Economic Stimulus Package:" *The law contains provisions that support capital investment*, including all forms of packaging machinery.
* Companies that purchase less than $800,000 worth of capital assets in a year can *expense the first $250,000* of capital investments made in 2008.
* Customers may be able to take the *first-year
bonus/accelerated depreciation --- 50 percent of the cost* of the investment. (The remainder can be depreciated under regular depreciation rules.) To qualify, the equipment must be purchased and placed into service in 2008.
* Small companies can *take advantage of the $250,000 deduction as well as the 50 percent expensing allowance.
PMMI is a member of the Associations Council of the National Association of Manufacturers. NAM has provided a fact sheet on the stimulus package. Go to http://www.nam.org/s_nam/bin.asp? to read it.
*Packaging Machinery Manufacturers Institute
4350 Fairfax Drive, Suite 600
**Arlington, VA 22203
Stimulus package section 179 for 2009 allows businesses to fully expense up to $250,000 of new equipment acuisitions in 2009. First year depreciation bonus has been boosted to 50%!!!