"Our economic security is of parallel importance to our national security and this stimulus package provides a strong boost in both areas," says Richard Chace, executive director of SIA.
Chace notes two provisions in the bill that will position companies struggling to deal with new security expenditures to safeguard their business, their communities, and their customers.
- Bonus depreciation -- Increased bonus depreciation from 30 percent to 50 percent through June 30, 2005.
- Small business expensing - For 2003, 2004, and 2005, increased amounts that small businesses can expense from $25,000 to $75,000. Increased definition of small business from $200,000 of capital purchases to $325,000.
"These provisions act as cost-effective tools that will help America's businesses play an increased role in Homeland security," Chace says.
SIA also endorses the provisions of the Public Safety and Protection Investment Act of 2003. The bipartisan bill, introduced by U.S. Reps. Jerry Weller (R-Ill.) and Joseph Crowley (D-N.Y.) will provide 100 percent expensing of "qualified security devices" with no caps on expense amounts.
Qualified devices include: electronic access control device or systems, biometric identification device or system, CCTV systems, and software to combat cyber-terrorism.
advertisement
This month in Access Control
- Targeting The Customer
- Electronic Pedigrees
- One Hero Among Many
- Who? What? When? Where? Why?
- More from September's issue
Latest Jobs
advertisement
