Section 179

Iowa Legislative Committee Update

[Author: Will Rogers, 03.2016 | Keywords: Section 179, Sales Tax, Rental Fleet, All-Terrain Vehicles] Since the start of the legislative session, the Iowa-Nebraska Equipment Dealers Association (I-NEDA) has been hard at work attending subcommittee meetings and pushing to move legislation forward that is in the best interests of Iowa dealers. Bills are carefully reviewed by Association staff and we continue to receive valuable input from dealers across the state. Section 179 Coupling for Tax Year 2015 As a result of the federal government passing legislation late last year dealing with the Section 179 expensing provision, the state of Iowa is… Read More »

Federal Laws & Regulations 2016 Changes

[Author: Will Rogers, 01.2016 | Keywords: Section 179, OSHA, Expensing] There was a flurry of last-minute legislative activity during the final months of 2015. Here is a quick look at changes to Federal laws and regulations that will affect our members in 2016. Section 179 In late December, Congress passed, and President Obama signed into law, the Protecting Americans from Tax Hikes Act of 2015. This act includes language dealing with the Section 179 expensing provision. While our dealers and their customers had to wait almost the entire year for the legislation to pass, the package makes Section 179’s expensing… Read More »