Business owners, we have good news!
Borgman Ford is ecstatic to announce that on December 16, the Senate approved H.R.5771, which reinstates the prior and significantly greater Section 179 limits of 2013. This allows small and medium sized businesses to purchase qualifying commercial vehicles with expense deductions up to $500,000 (as opposed to $25,000). In addition, it reinstates prior bonus depreciation levels.
Although 2015 is approaching quickly, this allows two weeks for you business owners to makes some decisions. Please spread the word to your fellow small and medium business owners, for this is major news!
Don’t forget, Borgman Ford Commercial is here for all of your commercial needs. Contact us with any questions.