More than 80 alphabet groups, ranging from the National Business Aviation Association to the American Institute of Architects, have written to leaders of the House of Representatives and Senate urging elected officials to “work in a bipartisan manner to renew the recently expired bonus depreciation law through at least 2010.”
The temporary 50% bonus depreciation lapsed at the end of 2009. “Bringing back bonus depreciation will encourage companies of all sizes to invest in newer, more efficient, and more environmentally-friendly equipment, which will help large and small businesses alike,” the letter states.
“Reinstating bonus depreciation will help inoculate the economy against a backward slide in business capital investment in the months ahead, enhance the impact and benefits of other job creation legislation (e.g., infrastructure investment), encourage recovery in fragile, capital-intensive sectors of the economy (e.g., construction and manufacturing), and, most significantly, put Americans back to work,” the letter continues.
Groups signing the letter include:
- Aeronautical Repair Station Association
- Aerospace Industries Association
- Air Conditioning Contractors of America
- Aluminum Association
- American Composites Manufacturers Association
- American Concrete Pavement Association
- American Concrete Pipe Association
- American Concrete Pressure Pipe Association
- American Concrete Pumping Association
- American Council of Engineering Companies
- American Gas Association
- American Institute of Architects
- American Iron and Steel Institute
- American Lighting Association
- American Machine Tool Distributors’ Association
- American Rental Association
- American Road and Transportation Builders Association
- American Society of Travel Agents
- American Sportfishing Association
- American Traffic Safety Services Association
- AMT-The Association for Manufacturing Technology
- Associated Builders and Contractors
- Associated Equipment Distributors
- Associated General Contractors of America
- Association of American Railroads
- Association of Equipment Manufacturers
- Composite Can & Tube Institute
- CTIA – The Wireless Association
- Edison Electric Institute
- European-American Business Council
- Financial Executives International’s Committee on Taxation
- General Aviation Manufacturers Association
- Heating, Airconditioning & Refrigeration Distributors International
- INDA, Association of the Nonwoven Fabrics Industry
- Industrial Fasteners Institute
- Interlocking Concrete Pavement Institute
- International Franchise Association
- International Housewares Association
- Metal Powder Industries Federation
- Renew Bonus Depreciation to Support Economic Recovery and Create Jobs
- April 1, 2010
- Page 3 of 3
- Metals Service Center Institute
- National Asphalt Pavement Association
- National Association of Chemical Distributors
- National Association of Manufacturers
- National Automatic Merchandising Association
- National Automobile Dealers Association/American Truck Dealers
- National Business Aviation Association
- National Concrete Masonry Association
- National Council for Advanced Manufacturing
- National Electrical Contractors Association
- National Federation of Independent Business
- National Lumber and Building Material Dealers Association
- National Marine Manufacturers Association
- National Mining Association
- National Precast Concrete Association
- National Ready Mixed Concrete Association
- National Retail Federation
- National Shooting Sports Foundation, Inc.
- National Stone, Sand & Gravel Association
- National Tooling & Machining Association
- North American Equipment Dealers Association
- NPES – The Association for Suppliers of Printing, Publishing and Converting Technologies
- Nuclear Energy Institute
- Plastic Pipe and Fittings Association
- Portland Cement Association
- Precision Machined Products Association
- Precision Metalforming Association
- Pressure Sensitive Tape Council
- Printing Industries of America
- Society of Chemical Manufacturers & Affiliates
- Society of Glass and Ceramic Decorated Products
- Specialty Equipment Market Association
- SPI: The Plastics Industry Trade Association
- Sporting Arms and Ammunition Manufacturers’ Institute, Inc.
- Spring Manufacturers Institute
- Tooling and Manufacturing Association
- The Uni-Bell PVC Pipe Association
- U.S. Chamber of Commerce
- United States Telecom Association
- The Vinyl Institute
- Water and Wastewater Equipment Manufacturers Association, Inc.
- Window & Door Manufacturers
- Wood Machinery Manufacturers of America
