Another corporate tax break extension consists of a 50 percent "bonus" depreciation rules for "qualified property." This allows companies to accelerate write-offs for depreciation of new equipment, a benefit that has been in place since 2008.
Also notable is an extension that enables small businesses to write off up to $500,000 in tangible personal property used actively for business purposes. Willens believes this credit will be a boon to the capital goods industry as it will encourage companies to accelerate purchases to benefit from the write-off.
-- Written by Dan Freed in New York.