What Tax Rebate? - InformationWeek

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What Tax Rebate?

More than a year has passed since Section 179 of the U.S. tax law went into effect, and 54% of small and medium-sized companies aren't aware they have an annual tax credit for business expenses of up to $100,000, according to a survey conducted earlier this year by COMsciences Worldwide and sponsored in part by Hewlett-Packard. The increase from $25,000 in annual deductions is part of the 2003 Tax Act, written as a business incentive for companies that spend $400,000 and less annually. The tax rebate expires in 2006.

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