AZ Business Magazine
At 2009 pages, the political world has a lot to say today on the federal budget deal posted online in the wee hours of the morning, and one provision in particular has Arizona small-business owners hoping Congress seals the deal on Friday and President Obama signs it.
The part of the bipartisan agreement making up to $500,000 of Section 179 expensing permanent, instead of year to year, has been a long-time lobbying goal of the National Federation of Independent Business, America’s largest and leading small-business association. When the Bush tax cuts expired, the amount that small firms could expense dropped down to $25,000 and expired every year, unless Congress extended it.
