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Economic stimulus bill encourages purchase of efficient products. (News).(Brief Article)
WASHINGTON--The U.S. Senate on March 8 approved a bill that would increase depreciation of new equipment, including energy-efficient machinery, and thus serve as an economic stimulus, sponsors hope. The House of Representatives had previously approved the bill 417-3, and President Bush indicated that he would sign the bill into law.
The bill includes provision for a 30% first year deduction for business property in the year it is placed into service. This provision will promote sales of high efficiency electrical products by reducing the up-front cost to customers, who ...
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