Depreciation, Expensing Provisions in Tax Package Benefit Producers

A tax extenders package accompanying the $1.15 trillion Consolidated Appropriations Act of 2016 Congress passed ahead of the holiday break has two major provisions benefitting aggregates producers and their contractor customers: an extension of the 50 percent bonus depreciation for capital equipment purchased in 2015–2017, phasing to 40 percent and 30 percent in 2018 and 2019; and, permanent extension of…

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