The Association of Pool & Spa Professionals (APSP) has joined 173 other industry organizations in a massive show of support for H.R. 636, the America’s Small Business Tax Relief Act of 2015. This bill would restore the small business expensing — sometimes called Section 179 expensing — level to $500,000, including limited improvements to real property and permanently index the level to inflation.
“We represent thousands of small businesses in America and we strongly support this legislation because it will allow business owners the ability to maximize investment in their companies,” said APSP President and CEO Rich Gottwald. “This is not a tax loop hole or a tax break. It simply gives companies the ability to recover the cost of investing in their own businesses more quickly than if they use depreciation.
“Passage of this legislation permanently maintaining small business expensing at $500,000 will increase investment, help create jobs, and alleviate uncertainty. These are critical issues for our industry’s small businesses, which continue to experience significant economic challenges,” said Gottwald.
The bill passed the House of Representatives on Feb. 13, and was received in the Senate on February 23. Industry members affected by the legislation are encouraged to contact their senators and make their opinions known.
