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ACCA Urges Senate To Help Small Businesses

November 16, 2001
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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.

“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,” Taylor stated.

He also said 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.

Publication date: 11/19/2001

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