On a vote of 76-16, last night the Senate passed the Tax Extender Bill, which will extend tax breaks through Section 179 deduction limits for 2014. The House passed the measure Dec. 3 on a 378-46 vote. The bill now heads to President Barack Obama, who is expected to sign it.
The Tax Extender Bill reinstates the deduction limit to $500,000 for 2014 only and does not apply to purchases made in 2015.
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Industry Outlook: How Does Your Dealership Stack Up?
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
