According to the Machinery Dealers National Association, on Friday, Dec. 18, President Obama signed the $1.8 Spending and Tax Bill into law.  Earlier on Friday, the Senate gave final congressional approval to the bill, which includes nearly $700 billion in tax breaks.

The new permanent Section 179 expensing limit allows a business to take a current year deduction of the full purchase amount up to $500,000 for assets under $2 million.

Example Savings*

Original Equipment Cost:                  $500,000

New Potential Tax Savings:               $175,000

Final Equipment Cost:                       $325,000

Cash Savings on

Equipment Purchase:                        $175,000

*Assuming a 35% tax qualifying purchase

This information does not constitute tax advice, please check with your tax advisor on how this applies to your business.

HGR Industrial Surplus spent months searching for the perfect place for our call center in Austin, Texas. After finding the best location for employees and visitors, the company renovated the space to suit its needs. Last week, employees relocated from downtown Austin at 210 Barton Springs Road and opened shop in North Austin at 1826 Kramer Lane.

At this location, there is free parking, no downtown traffic congestion, and visitors as well as employees can drive up to the front door without a long walk or having to trek through inclement weather conditions.

Our employees in Austin make outgoing calls looking for surplus to buy. It all starts with them!

If you are in the Austin area, pay us a visit!