The Economic Stimulus Act of 2008 provides incentives to businesses to make purchases they may have otherwise put off another year. The incentives include a 50% depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.
 
The National Association of Wholesaler-Distributor’s Jade West said that the association worked extensively for it,” and that though the act may not significantly change the plans of larger businesses who had planned to make capital purchases anyway, it may change the plans of smaller businesses who want to take advantage of the incentives.
 
Here are the details per the IRS and NAW:

50% Depreciation Allowance: Depreciation is an income tax deduction that …