Ellicott Dredges Reminds Customers of Final Year of Tax Depreciation Bonus

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Posted September 7, 2017

The Protecting Americans from Tax Hikes Act, passed in 2015, includes bonus depreciation for new equipment purchases. This means substantial tax savings for new equipment purchases in 2017. Under this rule Taxpayers can receive a 50% bonus depreciation in addition to normal depreciation. Between bonus depreciation and our competitive pricing, there has never been a better time to purchase a new dredge from Ellicott.

To take full advantage of this tax benefit, you must to take delivery of new equipment before December 31.

This is the last year you will be able to depreciate 50% of the cost of equipment. The bonus depreciation will then phase down to 40% in 2018 and 30% in 2019.

Ellicott currently has dredges available for delivery.

Source: http://www.dredge.com/