American Recovery and Reinvestment Act
(Economic Stimulus Bill)
American Recovery and Reinvestment Act of 2009
Electronics manufacturers stand to benefit from a number of provisions in the American Recovery and Reinvestment Act of 2009, (ARRA) or the economic stimulus bill. The bill has several aspects designed to help many businesses, including printed board and electronics assembly manufacturers. The tax incentives and manufacturing recovery provisions can significantly help the electronic interconnect industry through today's tough economic times. Business owners should seek professional advice from tax consultants and accountants to take advantage of the provisions offered in the stimulus bill.
The stimulus package could also have ancillary benefits for electronics manufacturers. Because stimulus funding encompasses a broad cross section of different types of projects such as renewable energy, infrastructure rehabilitation and others and those projects may drive demand for electronic products.
Economic Stimulus Bill Knowledge Center
Three aspects of the stimulus package that can benefit PCB manufacturers and OEMs:
- Bonus Depreciation
- Net Operating Loss Relief
- Industrial Development Bonds
- Recovery.gov – The Official Website to find information on the ARRA
- Information on Federal Grant Awards, Contracts, and Formula Grant Allocations
- Tax Incentives for Businesses and Manufacturing Recovery Provisions (.pdf)