Equipment may qualify for government-backed buying programs. These programs provide incentives in exchange for older tractors and other equipment. Lansdowne-Moody Company provides the replacement of tractors in Houston and other equipment that qualifies for the following buying programs:
- TERP
- Section 179
TERP Buying Program
The TCEQ’s Texas Emissions Reduction Plan (TERP) Rebate Grant program opened for application on November 30, 2017. With this program, financial incentives are provided for the replacement of select non-road diesel equipment and older heavy-duty diesel vehicles.
Section 179 Buying Program
Section 179 is an annual deduction for business equipment purchases. As of 2018, the Section 179 buying program has increased from $500,000 to $1,000,000. That means business owners may purchase qualifying business equipment and write off up to $1,000,000 on their tax returns.
Get New Equipment at Lansdowne-Moody Company
Lansdowne-Moody Company provides brand new replacement equipment for those who qualify for the buying programs. Contact us today or visit one of our several locations spanning the Greater Houston area.
