Recent changes to federal bonus and 179 depreciation rules could benefit Maryland manufacturers. Manufacturing entities who have placed assets in service on or after January 1st, 2019 can now follow federal bonus and 179 depreciation expensing rules for Maryland purposes. This change for Maryland manufacturers could mean an accelerated return on their capital expenditures in 2019 and in the future. Maryland manufacturers should check with their tax advisor to see if they are an eligible manufacturing entity.
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As we approach 80 years, Ellin & Tucker remains firmly in the room, driven by a legacy of excellence in teamwork, leadership, and service. Our strength has always been in our people, and together, we’ll continue to stand with the next generation of difference-makers and leaders, ready to shape the future.
