Our good friends at Patriot Capital have asked us to share one of the benefits of the new tax laws; expansion of Section 179 and Bonus Depreciation!
As Richard Browne, Patriot Capital Vice-President and Marketing puts it, “Bottom line, most dealers and jobbers will be able to deduct 100% of their equipment purchases in the first year, rather than over the traditional seven years. This has some significant tax benefits for them.”
Click hereto see the document that explains accelerated depreciation on page 1, summarizes the changes on page 2 and gives an example of how it works on page 3.
If you are looking to purchase new equipment and would like to take advantage of these expanded tax benefits, give us a call at 1.800.451.4021 today! We can also work with Patriot Capital to help with your financing.
The John W. Kennedy Company appreciates your business and continued support!
Why Wait? Qualified Customers Get No Payments on Equipment and Installation.
If you are considering upgrading your site, there’s never been a better time. Lock in today’s low interest rates through December 2022 when you finance your new gas pumps, point of sale, underground storage tanks or other fueling or in-store equipment.
Order by November 30, 2017. Equipment installed by December 31, 2017 is eligible for Section 179 tax savings in 2017.
Our friends and partners at Patriot Capital would love to help you finance those upgrades.
New Hampshire. Underground storage tank owners in the state have until December 22, 2015, to replace their single-walled UST systems with double-walled equipment to comply with a Department of Environmental Services (DES) rule passed nearly two decades ago. According to a story in The Union Leader, DES reports that 148 single-walled USTs remain in operation while another 597 systems either need to install under-dispenser containment or double-walled piping, or be closed. Another 134 heating oil tank systems either need to be upgraded or removed by December 22, 2015, as well.
Call 800.451.4021with any questions or to place your tank order today!
We appreciate your business and thank you for your continued support!