President Signs Jobs Bill Extending Section 179 Expensing Again

In contrast to enhanced expensing, bonus depreciation, which also greatly reduces the cost of capital investments, expired at the end of 2009 and has yet to be renewed notwithstanding the President’s Fiscal Year 2011 Budget proposal to extend it through the end of 2010. NPES and other business organizations continue to push for such an extension to be included in other jobs/tax bills that may advance this year.