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SMT electronics assembly manufacturing forum.


Depreciation

CMiller

#31863

Depreciation | 30 December, 2004

I believe at some point the Govt lowered the depreciation schedule for electronics assembly equipment to 3 years. I read that on this forum some time ago. Anyone have any specific info on this??

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#31871

Depreciation | 1 January, 2005

Is this what you're talking about? http://www.ustreas.gov/press/releases/js703.htm

We don't believe the "Technology Investment Incentive Act of 2003" [108th CONGRESS, 1st Session, H. R. 1232: To amend the Internal Revenue Code of 1986 to shorten the recovery period for the depreciation of certain property.] passed as legislation

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adlsmt

#31872

Depreciation | 1 January, 2005

Thanks for the info. I can not find anything to indicate that it passed legislation either. This was the bill. http://www.theorator.com/bills108/hr1232.html

The other changes you mentioned did help us out in 2003 and 2004.

Have to find some other ways to compete with China!

Have a happy new year!!!

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#31875

Depreciation | 2 January, 2005

Wishing all a prosperous New Year.

It's possible the bill is still in committee. Look here: http://thomas.loc.gov/cgi-bin/bdquery/z?d108:HR01232:@@@X

HR 1232 was sponsored by Congressman David Dreir of California. Maybe his office can help you. Look here: http://dreier.house.gov/welcome.htm

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