PHCC ACTION ALERT: Tell Your House Representative to Vote Yes on HR 636

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PHCC Action Alert

Tell Your Member of the House of Representatives to

VOTE YES on HR 636

 The US House of Representatives will vote early Friday (2/13/15) morning on HR 636.

This vital legislation would restore the small business expensing—sometimes called Section 179 expensing.

HERE’S WHY IT’S IMPORTANT:

  • Small business expensing allows business owners to immediately deduct the cost of a qualified investment in the year that it is purchased, rather than being forced to depreciate the cost of the investment over time.
  • Small business expensing simply gives companies the ability to recover the cost of investing in their own businesses more quickly than if they use depreciation.
  • Small business expensing is available to all small businesses that purchase less than a specified amount of equipment each year.
  • Passage of legislation permanently maintaining small business expensing at $500,000 will increase investment and jobs, reduce complexity and paperwork and alleviate uncertainty.

These are critical issues for small businesses, which continue to experience significant economic challenges.

Also, the legislation will strike the exemption of air conditioning or heating equipment from the qualified investments eligible for Section 179 expensing. This small modification creates energy savings opportunities for small businesses and commercial building owners across the nation.

Please take a minute to use PHCC’s automated letter writing system to tell your Member of the House…

YES on HR 636!

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