Section 179 of the U.S. Tax Code

Many construction business owners are aware of the PATH Act, which was passed last December that increased the US Tax Code Section 179 limit to $500,000. Section 179 is a tax deduction available to business that allows you to recoup some of the money spent specifically on technology. This means that you can significantly lower the cost of your technology purchase to your bottom line.

It does not matter if it is hardware such as a Trimble Robotic Station like the RTS773 with the new Kenai tablet, a Trimble scanner like the TX8 with build in camera, the QuickMark Layout tool like the QML800G with green laser technology, or a CrewSight system that is used for site security/access and safety, all qualify under Section 179. Maybe you are looking at new Estimating Software such as Trimble GC Estimator or Winest, Project Management Software such as Prologix or Project Sight, or data management such as Modelogix. These software solutions also fall under the Section 179 umbrella.

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As we approach the end of 2016, business owners are reviewing their options with their accountants or accounting department. Keep Section 179 in mind as you do your year-end review and please keep BuildingPoint Southeast in mind for all of your technology needs.

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