Tax incentives: Investments in robotic automation can garner tax breaks

Tax incentives said to benefit small companies who install capital equipment.

06/26/2008


Now is the time for investment in robotic automation in the United States, according to robotics vendor Fanuc Robotics America . The company says recent U.S. tax incentives for capital equipment seek to motivate businesses to accelerate capital spending in 2008. These tax incentives benefit small companies who install capital equipment before January 1, 2009. Investing in robotic automation, the company says, provides businesses the flexibility that is required in virtually any manufacturing environment. Vendors, it says, need to handle a wide variety of products, whether it is variety packaging for club stores, assembling a variety of inhaler devices for asthma sufferers, or welding wheelchair frames.
The company lists a number of articles written by various tax advisors regarding these tax incentives to help companies get started:
Deloitte/NAM – Economic Stimulus Package; 
Crest Capital - Tax Deduction Calculator; and
BankRate.com – Article.
This article does not constitute tax, legal, or other advice from Fanuc Robotics America Inc. or Reed Business Information, which assume no responsibility with respect to assessing or advising the reader as to tax, legal, or other consequences arising from the reader’s particular situation.
C.G. Masi , Control Engineering News Desk
Register here and scroll down to select your choice of eNewsletters free.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
Collaborative robotics: How to improve safety, return on investment; Industrial Internet of Things, Industrie 4.0: World views; High-performance HMI, Information Integration: OPC and OMG
9 tips: How to integrate a servo system; Process control mathematical models; Serial network grounding; Engineers' Choice Awards; Learn from cyber security mistakes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
click me