St. Paul, MN (November 21, 2016) — Now is the time to purchase Matsuura’s High-Speed and High-Precision Machine Tools to take advantage of 2016 Tax Incentives. Matsuura Machinery USA, Inc. encourages customers to purchase now to benefit from the Section 179 and Bonus Depreciation Exceptions.
Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
The Section 179 Deduction allows a machine tool buyer to deduct the first $500,000 from their taxable income for up to the phase out cap of $2,000,000. For amounts over this $2,000,000 phase out cap, there is a dollar for dollar deduction of this Section 179 allowance. This Section 179 is applicable to new or used equipment purchases.
The Act also schedules the Bonus Depreciation to 50%. This Bonus Depreciation will allow a deduction of half the remaining basis after the Section 179 Deduction is expensed. Bonus Depreciation is only allowed for new equipment purchases.
Matsuura Machinery USA, located in St. Paul, MN is the importer of Matsuura machining centers in the United States. Matsuura delivers unmatched excellence in high speed and high precision CNC machine tools. The company’s unmanned, high accuracy machining equipment, including multi-pallet and multi-tasking machine tools provide manufacturing solutions to a variety of industries around the globe.
The company’s 40,000 sq. ft. facility includes a large showroom and demonstration area, conference and training rooms, machine storage areas, accessories and spare parts, as well as administrative, service, and engineering application support.
Matsuura Machinery USA professionally markets and supports Matsuura equipment users through local distributors. Since 1935, Matsuura has been a leader in developing and manufacturing innovative machining equipment to ensure that manufacturing professionals always have the tools they need to create high quality parts. As the U.S. subsidiary of Matsuura Machinery Corporation in Japan, Matsuura USA provides the premium service, applications, and technical field support that have always been the Matsuura standard for business.
For more information on Matsuura products, contact:
Matsuura Machinery USA, Inc.