Fiscal Cliff Deal Preserves $500,000 Asset Write-Off

The depreciation limit was expected to be reduced by $25,000 with the expiry of the Bush era tax cuts

January 10, 2013

Jeffries' analyst Stephen Volkmann, in a recent note to clients, wrote that under the new fiscal- cliff legislation, companies in 2013 are now allowed to write off as much as $500,000 in new asset purchases. The large amount comes as a surprise to many as the limit was expected to be reduced by $25,000 with the expiry of the Bush era tax cuts.

"Equipment purchasers will continue to be able to use the purchase of equipment as an offset to their overall tax burden," Volkmann wrote. "The result will be a continuation of the elevated prices for agriculture and construction used equipment."

“I’ve been using Bobcat equipment for years on my farm in Waco, and I can’t imagine working without it. My Bobcat machines have empowered me to bring some of my biggest ideas to life,” said Gaines.

Bobcat Hires Magnolia Co-founder Gaines

From tending gardens to managing goats, pigs, and horses, Gaines is already sharing the work he is accomplishing with his Bobcat equipment.

For more than 25 years, Women in Construction Week has celebrated and promoted the role of women in the construction industry.

Women in Construction Week: The Women Behind the First Real-Life LEGO Building

About 10 percent of construction jobs are held by women. For more than 25 years, Women in Construction Week has celebrated and promoted the role of women in the construction industry.

Schaeffler is developing high-performance e-motors for commercial vehicles. Electrified drives will account for an increasingly large share of the powertrain mix in this segment in the future.

Schaeffler Announces Ohio E-vehicle Manufacturing Facility

Schaeffler recently completed an expansion in Wooster of almost 90,000 square feet to produce electric motors and components for electric powertrain systems.

Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge and taken to Sparrows Point, Md., for future disposal.

Baltimore Crews Remove 156-ton Piece of Key Bridge

Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge for future disposal. Container removal from Dali has begun.

How Home-based Drug Deactivation and Disposal Saves Lives

Opioids in Construction: How Home-based Drug Deactivation & Disposal Saves Lives

Whether used by children or adults, excess medications in the household are a huge threat. Eliminating unused medications should be a top priority. Your employees should know that this is important to you as an employer.

Under the federal Occupational Safety and Health Act (OSH Act), employers have a duty to monitor worksites and prevent hazardous conditions from developing. As it does with other major industry sectors, OSHA issues specific regulations targeting the safety risks unique to the construction sector.

What Artificial Intelligence Means for the Construction Workplace

When integrating AI into their business models, construction companies should carefully weigh the costs and benefits of this technology.

The concept adaptive reuse is the practice of repurposing abandoned, older structures for a different purpose than what they were originally intended for with the express purpose of extending the building’s life.

Commercial Building Reuse in the Work-From-Home Economy

As the American workplace adapts, the traditional 9-5 will likely continue to become less common. What does that mean for landlocked employers staring down half-empty offices?

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Exceptional Customer Service Starts with Confidence

Customers want to know that the employee they are working with is confident and will be able to serve them in a professional manner.

James Howe.

Howe Named President of Motion Industries

James F. Howe has been named to the position of president of Motion.

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Why Aegis Asphalt Has A Bright Business Future

Out in the Pacific Northwest of the United States, the weather is against you, the time is against you, and in the case of Aegis Asphalt Construction, they've had to start from the literal ground up, growing the business by leaps and bounds.

Mary Aufdemberg, general manager, product strategy and market development, Daimler Trucks North America, delivers the keynote address at the 2024 Green Truck Summit.

EV Limitations Addressed at Work Truck Week

Trends point to more power in partnerships as the electrification journey continues for many OEMs in the commercial vehicle market.

A working construction site.

Mental Health Options for Construction Workers

If you don’t have mental health support for your workers right now, start the conversation.

As AI continues to reshape construction industry tools and processes, a parallel phenomenon unfolds–the race to construct AI data centers.

How to Embrace AI in a Tech-averse Construction Industry

The need for collaborative dialogue, ethical oversight, and responsible innovation is paramount to harnessing the benefits of AI while mitigating its risks.

While cranes play a vital role in the transportation, construction, and agriculture industries, among others, operating this type of equipment can be especially dangerous if proper protocol is not followed.

Crane Safety Report Published

As the crane industry continues to navigate major safety challenges, NSC and the NCCCO Foundation plan to continue to provide additional resources to educate crane operators, inspectors, and employers about potential workplace hazards.

JA Mitsui Leasing has announced that it has acquired a 100% interest in Oakmont Capital Holdings.

JA Mitsui Leasing Buys Oakmont Capital

JA Mitsui Leasing announced today that it has acquired a 100% interest in Oakmont Capital Holdings.

Don Harvell.

LBX's Harvell to Retire

As Don Harvell retires, others at the company, such as Kevin Roberts and Chris Wise, take on new roles at LBX.

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Key Bridge Efforts Continue Despite Storms

Trained crews, in conjunction with the Unified Command, are taking steps forward with operations and are conducting routine salvage assessments, while evaluating the safest and most effective routes.

Many construction workers say they find it distracting to work alongside drones, and there’s evidence that even when drones are operating at a considerable distance from humans they often lead workers to look away from their tasks.

Robots are Rewriting the Rules of Construction Safety

To make worksites safer for humans, we need a smarter approach to automation.

Whether it's support with succession planning or effective people management, its experts are uniquely positioned to skillfully guide contractors in harmonizing their personal, operational, and financial strategies.

Performance Construction to Focus on Contractor Community

With a shift to exclusively serving contractors, PCA’s Business Consulting services offer even more specialized guidance for its clients.

In the past five years, ConstructReach has partnered with over 100 industry and education partners to host “I built this!”, introducing more than 2,000 high school students to career pathways.

ConstructReach Hosts "I built this!" Construction Learning Event

Students will be able to participate in work-based learning through a variety of activities led by general contractors and construction professionals.

Demolition crews with the Unified Command begin cutting the top portion of the north side of the collapsed bridge into smaller sections for safe removal by crane in the Patapsco River, in Baltimore, Maryland, March 30, 2024. Salvage teams use exothermic cutting torch to systematically separate sections of the steel bridge, which will be taken to a disposal site.

Alternate Temporary Channels Opening Around Key Bridge in Baltimore

A temporary, alternate channel on the northeast side of the main channel in the vicinity of the Key Bridge is being established for commercially essential vessels.

Equipment dealers have expressed great concern with the rule, particularly as it relates to service and delivery trucks, as well as the cost increases and equipment delivery delays that will ensue.

AED Opposes California Rule on Internal Combustion Trucks

The ACF regulation requires fleet operators to phase out their internal combustion trucks and replace them with zero-emission trucks, starting in 2024.

Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash.

STANLEY Infrastructure Sale to Epiroc AB Complete

Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash.

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Unlocking Success in Government Contracting

Companies that understand the public sector marketplace best are the most successful.

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How to Become a Trusted Leader

There is a continuum of leadership. At one end of the spectrum is the trusted leader who develops high-trust relationships and builds a high-trust atmosphere. At the other end there is the dictator, who uses fear to drive people.

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MCWPs: Safe Work in the Sky

For temporary work at height, mast climbing work platforms and aerial work platforms are some of the safest and most efficient types of equipment you could possibly use. Sadly, accidents can still occur when the best equipment is not used correctly.

Woa Astec

Everything We Saw At World of Asphalt 2024

Nashville was hardly big enough to contain everything that World of Asphalt 2024 had to offer, and whether you were there or not, there are plenty of things you might have missed!