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1 Jared Walczak, Consistent and Predictable Business Deductions: State Conformity with Section 179 Deductions 1 (2015)

handle is hein.taxfoundation/cprebusd0001 and id is 1 raw text is: TAXO FOUNDATION FISCAL FACT Jan. 2015 No. 448 Consistent and Predictable Business Deductons: State Conformity with Section 179 Deductions By Jared Walczak Policy Analyst Key Findings Forty-five states and the District of Columbia allow first-year expensing of small business capital investment as permitted under Section 179 of the Internal Revenue Code. Twelve states and the District of Columbia are out of conformity with current federal expensing limits, putting small businesses in their states at a competitive disadvantage. Now that the federal government has offered six-digit Section 179 allowances for more than a decade, holdout states are increasingly looking at raising state deduction limits or pegging them to federal allowances to remain competitive, less complicated, and growth-oriented.

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