The 2008 USA Economic Stimulus Act provides companies an opportunity to save thousands on taxes

By purchasing new production equipment such as a Sheffield CMM, your company could save thousands off their 2008 tax bill.  

Before the 2008 Economic Stimulus Act, a business could deduct up to $128,000 of the cost of qualified equipment purchases.  If the business purchased more than $510,000 of qualified equipment during the year this amount was reduced.  Now thanks to the 2008 Economic Stimulus Act these amounts have almost doubled.  For 2008, a business can now deduct up to $250,000 of the cost of qualified equipment purchased in 2008 from their taxable income. If the cost of qualified equipment purchased during 2008 exceeds $800,000 this amount is reduced.  This $250,000 deduction is phased out on a dollar-for-dollar basis between $800,000 and $1,050,000.

In addition to the above expensing election the Economic Stimulus Act also allows for a special 50% bonus depreciation on certain assets placed in service before January 1, 2009. In order to be eligible for this bonus depreciation the assets' original use must occur during 2008.

After reducing the basis of the assets placed in service during 2008 by the above amounts claimed, companies can take the standard depreciation on the adjusted basis of qualified equipment. Coordinate Measuring Equipment is  typically depreciated over 7 years.

Tax Savings Example:***

Cost of Equipment                                                 $500,000.00

Section 179 Deduction                                          -$250,000.00

50% Bonus Depreciation                                       -$125,000.00

Standard Depreciation                                             - 17,863.00

Estimated Write-Off                                                 $392,863.00

Cash Savings on your Equipment Purchase             $137,502.00

(Assuming a 35% Tax Bracket)

***The above statement and calculations are not intended to be tax advice. You should check with your tax advisors with regard to the applicability of the above statements.

Mitutoyo PC-DMIS Retrofit Package

Hexagon Metrology is pleased to announce a complete PC-DMIS retrofit package for Mitutoyo Bright and Crysta CMM’s.  Consisting of a controller and A/B switch that interface directly to the CMM’s wiring harness, this retrofit package is non-invasive.  The original controller and scales are left completely intact. Compared to other retrofit methods, this package has the benefit of being able to be installed quickly, with minimal downtime and disruption.  No removal of scales is necessary, and your old controller will continue to be usable via the A/B switch.  This way, you can keep your existing software and part programs while enjoying the benefits of PC-DMIS, the world’s most popular dimensional metrology software.

Each all-inclusive retrofit package includes PC-DMIS CAD DCC with a new computer, a controller, an A/B switch with cabling, installation with laser calibration (not just a certification), warranty, a training credit for a five day class, all for one great price.  Scanning and Non-Scanning packages are available.  Of course, we also have a full catalog of probing accessories and upgrades available as well.

Because Hexagon Metrology has over 100 service engineers in North America, you can depend on prompt installation and reliable service turnaround.  You can obtain your training at any one of our ten regional centers at our regularly scheduled classes; there are normally at least ten classes per month.

Call today 800-274-9433 or email CustomerRelations@HexagonMetrology.us for further information about retrofitting your Mitutoyo CMM.  You’ll be glad you did.

Mitutoyo is a trademark of Mitutoyo Corporation. This offer is neither approved nor endorsed by Mitutoyo corporation or its affiliates.