10 Dec Growth that Pays for Growth: King County Initiative
King County protects the region’s water quality and prevents water pollution by providing wastewater treatment to 34 cities and local sewer utilities, and one tribe. The revenues generated through sewer rates go toward maintaining and operating the regional wastewater system serving utilities in King County, South Snohomish County and a small portion of Pierce County. Consistent with the Council’s long-standing policy that “growth pays for growth,” members also approved a sewer capacity charge for new connections to the system in 2016 of $58.70 per month for the average household, an amount that represents a $1.70 increase from the 2015 monthly charge of $57. The capacity charge is based on the 30-year Regional Wastewater Services Plan (RWSP) for infrastructure investments. The capacity charge for new sewer hook-ups is paid by owners of newly-constructed homes and businesses that generate the growth. The capacity charge is assessed for 15 years after connection as established by code, but property owners can save 3 percent if they choose to pay a lump sum up front in 2016.
Seattle, Perma-liner Industries has some exciting information that must be shared now as time is of the essence! It’s the Section 179 Deduction. This allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Still reading this?? Give us a call so we can offer you our very best products and services now. 1-866-336-2568/ www.perma-liner.com.
Section 179 is one of the few incentives included in any of the recent Stimulus Bills that actually helps small businesses.