NEW TAX BILL HAS BENEFITS FOR ALPACA OWNERS:
You will be happy to know that on May 25, 2007, the President signed into law H.R. 2206, the Small Business and Work Opportunity Act of 2007. The Act extends the expanded benefits of Section 179 through 2010 and increases the maximum annual deduction from $112,000 to $125,000. The amount of annual cost additions that trigger a phase-out of the 179 deduction has also been increased from $450,000 to $500,000.
Before adjourning for the Memorial Day weekend recess, Congress passed the Jobs and Growth Tax Relief Reconciliation Act of 2003......+
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