Section 179 Deduction


The Missouri Section of American Water Works Association (MSAWWA) has established a scholarship fund for qualified students enrolled in an accredited college or university in the State of Missouri. Qualifying curriculum for scholarship applicants will include courses related to civil or environmental engineering or environmental science with emphasis on career fields associated with water supply.  Consideration will be made for the application of one or more scholarships per year in the amount of one thousand dollars ($1,000). The purpose of these scholarships is to encourage enrollment in educational studies related to career fields associated with water supply. Some of the requirements include: The applicant must be enrolled in a two or four year accredited college or university program as previously stated.  The applicant must be a citizen of the United States.  The application form (furnished) must be completed in full with a two (2) page (or less) typewritten essay, describing the applicant’s field or study, such as a mathematics, science teacher, etc., and a copy of your most recent college transcript.

St. Louis, Perma-liner Industries has some exciting information that must be shared now as time is of the essence! It’s the Section 179 Deduction. This allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Still reading this?? Give us a call so we can offer you our very best products and services now.  1-866-336-2568/ www.perma-liner.com.

Section 179 is one of the few incentives included in any of the recent Stimulus Bills that actually helps small businesses.

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