Overdrive Extra

Max Heine

Some stimulus trickle-down for trucking

| February 18, 2009

The $787 billion economic stimulus doesn’t offer much for leased operators other than hopes of better roads and, with federal aid to banks, easier credit.

Some tax provisions, though, can benefit carriers, including small owner-operator independents, and to a lesser extent leased operators with an extension of capital expenditures deduction. The American Trucking Associations reports that the package:

• Extends bonus depreciation, allowing businesses to make a tax deduction of 50 percent of the cost of depreciable capital expenditures within the first year of the property’s purchase;

• Extends enhanced small business expensing; and

• Provides incentives to hire unemployed veterans and disconnected youth.

For more detail, read here.

– Max Heine

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  • http://www.findatruckingjob.com Paul

    Thanks Max – good stuff. I’ve been paying close attention since that was passed and made at least part of the observations you did as well. For an industry so reliant on commercial business you’d think they would have addressed it sooner but, well – at least it’s something..

  • http://CargoTel.com autocarriersoftwaremarkcargotel

    Thanks for the info. Hopefully it will take us in the right direction.