SPECIAL FINANCING PROGRAM

Mazak has announced a special financing program for select models of its line of Kentucky-built machines in the United States. For more information contact the Mazak MCC Credit Group at 859-342-1311 or at mccgroup@mazakcorp.com or your local Mazak representative.

*Valid through September 30, 2019 only for selected Kentucky models in the United States.

 
 

Take Advantage of Big Tax Breaks

Bonus Depreciation extended, Section 179 Expensing made permanent

With the productivity and profitability of U.S. manufacturers in mind, Mazak encourages you to take advantage of two key tax incentives from the government regarding machine tool purchases.* A first-year bonus depreciation allows for a 100 percent bonus deduction, while the now permanent Section 179 provides equipment expensing up to 1,000,000.

For additional information, contact MCC Credit Group at (859) 342-1311 or toll free at (877) 634-5521 and ask to be transferred to Mazak Credit Group.

100% BONUS DEPRECIATION

  • The 100 percent bonus depreciation deduction applies to any dollar amount of qualified capital expenditures.
  • Bonus depreciation is generally taken after the section 179 spending cap is reached.
  • Available for both new and used equipment.

SECTION 179 DEDUCTION

  • The Section 179 Expensing limit is now permanent at $1,000,000.
  • A dollar-for-dollar phase out of the deduction begins once qualified purchases exceed $2,500,000.
  • This deduction is good on new and used equipment, as well as off the shelf software. To take the deduction for tax year 2019, the equipment must be financed or purchased and put into service between January 1, 2019 and the end of the day on December 31, 2019.

EXAMPLE CALCULATION OF SECTION 179 AT WORK DURING THE 2019 TAX YEAR

Equipment Purchases $1,150,000.00
First Year Write Off
($1,000,000 = maximum in 2019)
$1,000,000.00
100% Bonus First Year Depreciation
(Updated to 100% via Tax Cuts and Jobs Act)
$150,000.00
Normal First Year Depreciation
(20% in each of 5 years on remaining amount)
$0.00
Toal First Year Deduction
($1,000,000 + 150,000 + 0)
$1,150,000.00
Cashing savings
($1,150,000 x 21% tax rate)
$241,500.00
Equipment Cost After Tax Savings
(Assuming 21% tax bracket)
$908,500.00

 

*Please consult with your tax professional regarding these incentives.


MCC Credit Group
6850 Industrial Road
Florence, Kentucky 41042
 
Phone Number: (859) 342-1311
Toll Free Number: (877) 634-5521
Fax Number: (859) 342-1502
Email: mccgroup@mazakcorp.com