ACCA Urges Senate To Help Small Businesses

November 16, 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.

“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

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 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts


NEWS 09-22-14 cover

2014 September 22

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
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