Tax incentives: Investments in robotic automation can garner tax breaks
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
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