Which provision could best be justified as a means of controlling the economy?
A)Write-off of research and development expenditures.
B)The § 179 immediate write-off.
C)Amortization of pollution control facilities.
D)The rehabilitation tax credit.
E)None of the above.

Question

Quizplus · Accepted Answer

The § 179 immediate write-off allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year, which can stimulate investment and economic activity by encouraging businesses to invest in new equipment.

Which Provision Could Best Be Justified as a Means of Controlling