With less than one month remaining in 2018, now is your opportunity to own Matsuura’s High-Speed and High-Precision Machine Tools and take advantage of this year’s Tax Incentives. Matsuura Machinery USA, Inc. encourages customers to purchase now to benefit from the Section 179 and Bonus Depreciation Exceptions:
SECTION 179 EXPENSING
Act: The Act increases the amount that a taxpayer may expense under §179 from $500,000 to $1,000,000 and increases the phase-out threshold from $2,000,000 to $2,500,000. Further limitations on the ability to immediately expense this amount may apply based on the business’s taxable income for the year.
Act: The Act extends the availability of bonus depreciation for qualified property plants for three additional years, and increases the bonus depreciation percentage to 100%, effectively allowing taxpayers to deduct immediately the full cost of qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023.
The Act begins to phase down the percentage that may be expensed for property placed in service after January 1, 2023, as follows:
- For property placed in service before January 1, 2023, 100% expensing.
- For property placed in service after December 31, 2022, and before January 1, 2024, 80% expensing.
- For property placed in service after December 31, 2023, and before January 1, 2025, 60% expensing.
- For property placed in service after December 31, 2024, and before January 1, 2026, 40% expensing.
- For property placed in service after December 31, 2025, and before January 1, 2027, 20% expensing.
Matsuura Machinery USA, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
According to Marketwatch.com and SandlerResearch.org, the machining center market will surpass $5 Billion by 2020.
As manufacturing in North America becomes more complex, requiring multi-axis machining solutions, Matsuura is the preeminent solutions provider. While most industries maintain a higher part mix and smaller batch production, reduction of inventory is an imperative initiative. Additionally, with pressure on pricing and margins, customers realize they must discover methods to reduce labor costs.
The analysts forecast global machining center market to grow at a CAGR of 5.68% during the period 2016-2020. According to the machining center market report, growing demand for fabricated metal products will be a key driver for market growth. The global fabricated metal products market was valued at $1.81 trillion in 2015 and will likely reach $2.35 trillion by 2020, growing at a CAGR of 5.36%. The US accounted for almost 20% of the entire global fabrication metal product market. There is an increase in the demand for US-manufactured fabricated metal products worldwide. For example, Mexico, Canada, and China rely heavily on the US for the supply of fabricated metals. Increased fabricated metal production in the country is leading to rising domestic demand for machine tools.
According to machining center market research and analysis, the automotive industry accounted for more than 41% of the total market shares and dominated the industry during 2015. This industry uses machining centers in various metal processing operations like cutting, drilling, and surface cleaning of the metal sheets used in the fabrication of automotive parts. The expected growth of the automotive industry all over the world, especially in the emerging markets will bolster the market’s growth prospects in the coming years.
Matsuura Machinery USA, Inc. has many machines available to ship by year-end. Please contact your exclusive Matsuura USA Distributor or [email protected] to learn more.
Matsuura Machinery’s exclusive distributor network works alongside Matsuura to define the ideal manufacturing method and oversee the complete project – from concept to production, from training to after sales technical and service support.
To discover how Matsuura’s automation and advanced technology provide a competitive advantage by acquiring engineering solutions for your manufacturing challenges; contact your exclusive Matsuura distributor or contact Matsuura USA at [email protected]
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
For more information about Matsuura, please contact: [email protected] or visit: www.matsuurausa.com.