NEW EQUIPMENT BUYERS MUST HURRY FOR DEPRECIATION BONUS 2004

There is exciting news for concrete pump purchasers. The 2003 Jobs & Growth Act allows buyers of concrete pumps and other equipment to write off more of the cost of new equipment during the first year of ownership. This law enacted in May 2003 allows buyers of new equipment to depreciate as much as 60 percent in the first year.

“This can substantially reduce tax liability for the year in which the purchase was made and improve an owner’s near term cash position by reducing his tax liability” says Brian Hazelton, Vice President of Sales and Marketing for Schwing America Inc. The bonus applies to buyers who acquire equipment before January 1, 2005.

The law does not apply to used equipment. Buyers have the option to depreciate the new equipment according to traditional depreciation rules practiced before the 2003 Jobs & Growth act. The bonus does not increase the overall amount that can be depreciated.

For more information, contact:

Schwing America, Inc. 1300 Gresham Road Marietta, GA 30062

Product information only call 1-888-SCHWING