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New Holland applauds Section 179 tax extension

2014-12-19 23:36:47| Beef

It’s official—the extension of the Section 179 deduction for 2014 is now the law of the land. New Holland Agriculture and Construction is pleased that the Section 179 legislation has been signed, which allows farmers and small businesses to immediately write off up to $500,000 in capital assets purchases (including farm equipment) instead of depreciating it over time. The bill passed the House and Senate, and was signed into law by President Obama on Dec. read more

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