Stimulus package gives tax breaks for small business

By Arnold Wyrick
MURPHYSBORO, IL (KFVS) - The new federal stimulus package could put some real money back in the pockets of small business owners.  The two new tax incentives are good through the end of the year.  They allow a business to either write off 50 percent of the cost of new equipment immediately, or small businesses to expense up to $250,000 of new equipment purchases this year.
"With this package it will really help us get some equipment in here, for example we have a pizza oven that is 25 years old and we've owned this business for the past two years," said Laura Obertini, owner of Annie Mae's Restaurant.
"In the past when we've purchased new equipment we've had to budget that in, and sometimes that can be pretty tough."
Some other business owners in southern Illinois say they're making plans to expand their operations with the tax break dollars.
"We've held off on a number of things," said Paul Jakob, owner of Von Jakob Vineyards. "One is a new bottling line, and a bottling line runs any where from $50,000 to $100,000.  We've been wanting to get some new fermenting tanks.  They range from $15,000 to $30,000 depending on the size of the tanks."