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Marc Gerson Quoted in Compliance Week Regarding Bonus Depreciation Provision in the American Recovery and Reinvestment Act of 2009

Subtitle
“Tax Compliance Under the Recovery Act”

Compliance Week

Marc Gerson discusses the bonus depreciation provision included in the American Recovery and Reinvestment Act of 2009. The provision, designed to stimulate capital investments, allows companies to immediately write-off 50 percent of the cost of depreciable property placed in service in 2009. “It lets businesses recover their costs quicker, and it will help cash flow,” Gerson notes.