$IVST the recent U.S. tax overhaul could help the LED lighting industry, as the new code incentivizes companies to expand their “business investments.” Under the old tax code, companies would have to utilize a depreciation model to know when tax credits could be realized. Now, companies can receive all of the tax credits from major purchases and upgrades in year one. This provides companies with a massive incentive to take on much-needed efficiency upgrades.
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