Sign companies still have until December 31, 2011, to take full advantage of a strong selling point courtesy of the federal government. Essentially, a business that purchases a sign in 2011 can write it all off this year, which can be very enticing during these tough economic times. New signage, classified as business personal property, is eligible for 100 percent bonus depreciation for the remainder of 2011. In addition, the expense level is up to $500,000 in 2011, and this Section 179 deduction can be taken on new or used signage and equipment. In 2012, these tax provisions will still be available, although to a lesser extent. Sign customers should be made aware of these bonus depreciation and expensing tools as soon as possible!
For more information, please click to see ISA "Tax Breaks for Sign Purchasers" slides.