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The House of Representatives voted overwhelmingly in favor of the bipartisan stimulus plan developed by House Leadership and the Administration. The plan includes a $300 rebate per individual filer which adjusts up to a maximum $600 ($1200 per couple) and begins to phase out for people who earn $75,000 ($150,000 per couple). An additional $300 per child will be included. The plan also includes 50 percent bonus depreciation for equipment with a depreciation period of 20 years or less, advocated for by AGC so that companies making equipment investment will have more cash on hand. AGC also insisted on the increased Section 179 expensing up to an overall investment limit of $750,000. This will increase investment opportunities for contractors and allow small businesses to fully expense $250,000 in both new and used tangible property in the year it is purchased.
 
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