Demand for equipment built by Caterpillar Inc. and others could receive a bounce from the fiscal cliff deal. A one-year extension of the accelerated “bonus” depreciation program will allow companies to deduct up to 50 percent of the cost of new capital equipment and property from their federal taxes. The program was set to expire at the end of 2012 before it received a reprieve. Other manufacturers, including Paccar Inc. and Deere & Co., also saw their stocks rise.
Manufacturers get a lift from tax deduction
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week