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Jun 04, 2015
The American Soybean Association (ASA) signed a letter in support of continuation of the 50 percent bonus depreciation tax provision.
The group letter was initiated by the National Association of Manufacturers. The provision was extended several times as part of the tax extenders package and, like the other temporary provisions, it expired again on Dec. 31, 2014. Rep. Pat Tiberi (R-OH) introduced a bill, HR 2510, to make the 50 percent bonus depreciation a permanent part of the tax code.
The letter signed by ASA supports House action on the Tiberi legislation to permanently extend bonus depreciation, creating a pro-investment tax climate that spurs economic growth and jobs, and provide a bridge to broader tax reform.
