ACCA Urges Senate For Small Business Stimulus

November 9, 2001
/ Print / Reprints /
/ Text Size+
ARLINGTON, VA — In a letter to the chairman of the Senate Finance Committee, the Air Conditioning Contractors of America (ACCA) urged the Senate to stand behind the country’s hvacr contractors as Congress crafts a proposed economic stimulus package.

ACCA national president Larry Taylor wrote Senator Max Baucus (D-MT) to encourage him to include two provisions for small business in the Senate’s economic stimulus legislation. Those provisions include increasing the allowance for direct expensing by companies to $50,000, and modifying depreciation rules to establish a 10-year life for leasehold improvements.

According to ACCA, an increase in direct expensing would help contractors make speedier purchase decisions on large equipment by reducing their tax liabilities. Businesses are currently limited to a total of $24,000 in direct expensing and are required to depreciate the remainder of the costs of equipment, according to ACCA.

Taylor wrote that “Increasing the direct expensing allowance for equipment purchases would eliminate much of the burdensome recordkeeping involved in depreciating such equipment and act as a true stimulus.”

He also wrote that shortening the current 39-year depreciation to 10 years would “result in long-term productivity growth and much-needed economic stimulus.” A shorter depreciation schedule for leasehold improvements would encourage the upgrading and installation of new hvacr systems in commercial facilities.

ACCA executive vice president and ceo Paul T. Stalknecht added, “Hvacr contracting provides a significant employment base in communities all across America. There has been much debate and political posturing over an economic stimulus package on both sides of the aisle. If Congress’s goal is to provide true economic stimulus, here are two opportunities to provide both a quick shot-in-the-arm as well as lay the groundwork for significant long-term growth.”

Publication date: 11/12/2001

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by James Siegel

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts


NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con