New tax law extends incentives for machinery, equipment purchases

Fannin, Blair
May 2011
Southwest Farm Press;5/19/2011, Vol. 38 Issue 13, p12
Trade Publication
The article discusses the farming tax law changes in the Tax Relief Act in Texas in 2011. It notes the availability on the extension of the elections for the additional deductions in purchasing farming equipment and machineries. It further tackles the two types of deductions offered, which include the first-year bonus depreciation and Section 179 expensing election.


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