FIND OUT WHAT THE ECONOMIC STIMULUS ACT CAN MEAN TO YOU!
SUBSTANTIAL CHANGES FOR SECTION 179 IN 2008
2008 has suddenly become a great year to make your new boat an investment. This is due to The Economic Stimulus Act of 2008. The deduction limits have almost doubled for 2008, and there is a new one-time bonus 50% depreciation once that limit is reached.
This means you can write off the FULL PURCHASE PRICE of a boat purchase (up to $250,000) and also allows a first-yr. bonus 50% DEPRECIATION for the balance if the boat costs more than $250,000.
THIS IS THE MOST FAVORABLE TIME TO OWN YOUR DREAM BOAT EVER!
Contact your professional tax advisor to learn more about how this legislation applies to your specific situation
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Crow's Nest Yachts
7828 Hudson Road
Woodbury, Minnesota 55125
(651) 739 2880
info@crowsnestyachts-mn.com
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