First quarter 2008 deliveries for Motor Coach Industries (MCI) are up 17 percent compared to the same time last year, according to the company.
MCI credits its more than 300 deliveries in the first three months to customers experiencing increased demand for motor coach travel in key markets and taking advantage of current economic stimulus programs, such as bonus depreciation. Bonus depreciation, part of the Economic Stimulus Act (ESA) signed by President Bush on Feb. 13, 2008, helps businesses that buy equipment this year cut their 2008 tax bill.
The ESA also significantly boosts expensing limits for 2008, which can be applied to both new and used equipment. A tax professional should be consulted to determine whether and how companies will be able to take advantage of all the financial benefits of ESA.