Consistent and Predictable Business Deductions: State Conformity with Section 179 Deductions V. 1

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1 Jared Walczak, Consistent and Predictable Business Deductions: State Conformity with Section 179 Deductions 1 (2015)

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TAXO
FOUNDATION

FISCAL

FACT
Jan. 2015
No. 448

Consistent and Predictable Business

Deductons: State Conformity with

Section 179 Deductions

By Jared Walczak
Policy Analyst

Key Findings

Forty-five states and the District of Columbia allow first-year expensing of
small business capital investment as permitted under Section 179 of the
Internal Revenue Code.

Twelve states and the District of Columbia are out of conformity with
current federal expensing limits, putting small businesses in their states at a
competitive disadvantage.

Now that the federal government has offered six-digit Section 179
allowances for more than a decade, holdout states are increasingly looking
at raising state deduction limits or pegging them to federal allowances to
remain competitive, less complicated, and growth-oriented.