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Industry News

Lion Electric Partners with HK Truck Center to Bring Electric Trucks and Buses to New Jersey

Lion Electric (Lion), an innovative manufacturer of zero-emission vehicles, today announced that H.K. Truck Center, a leading New Jersey-based truck dealership, will distribute, sell and service Lion’s complete lineup of zero-emission buses and trucks in the state. Under the agreement, H.K. Truck Center will serve as the regional dealer for Lion’s extensive portfolio of innovative heavy-duty battery...

The 2020 Section 179 Deduction Limit for Businesses is $1,040,000

Don't forget! The deduction limit for 2020 has been raised to $1,040,000. This means U.S. companies can deduct the full price of qualified equipment purchases up to $1,040,000 with "total equipment purchase" limit of $2,590,000. The deduction includes both new and used qualified equipment. In addition, businesses can take advantage of 100% bonus depreciation on both new...