11/20/2009

Do you own a business? Would you like to purchase a new or pre-owned luxury Marathon Coach? If you plan to use your coach for business purposes, you may qualify for a government tax discount.

Recently, Congress passed the “American Recovery and Reinvestment Act of 2009, ” a stimulus package intended to jump-start the U.S. economy. Crafted to encourage businesses to increase their investments in new equipment and job creation by the end of 2009, the new law provides businesses with two tax incentives: Enhanced expensing and Bonus depreciation.

Enhanced Expensing
Before the Act, under IRC Section 179, businesses could write off $128,000 for business machinery and equipment expenses. The Act increases the amount $122,000, allowing small businesses to now write off up to $250,000 in 2009. Thus, a business can purchase a new or pre-owned coach and expense up to $250,000 of the cost, subject to certain limitations. The tax savings could amount to more than the down payment required for some qualified buyers!

Bonus Depreciation
Unlike the enhanced expense election, bonus depreciation is available to any size business. Bonus depreciation allows businesses to deduct an additional 50% of the cost of certain investments in 2009. The remaining 50% is available for normal depreciation. What this means is that you can purchase a new Marathon coach and receive the tax benefits of depreciation on up to 60% of the purchase price for tax year 2009.

Contact a sales representative at any Marathon location for further information about how you can take advantage of this great opportunity.