A manufacturing company and long-time Schena Roofing customer was experiencing ongoing and costly maintenance and repair for its 25,000 square foot building. Up to now, the owner was successful in putting off full replacement. The Section 179 tax code offered a great incentive to spend money this year for a complete roof replacement rather than wait. By taking advantage of this generous tax code, the company saved $57,750.00! The 2018 Section 179 code allows businesses to write off the entire purchase of qualifying property* for the current tax year (up to $1,000,000).
Section 179 can change each year without notice, but we are hoping the code will extend through 2019 so more of our customers can take advantage of this tax code while it’s available.
*Definition of qualified property expanded to include improvements to non-residential roofs, heating, ventilation, and air-conditioning property; fire protection and alarm systems; and security systems.