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Lost & Found


VideoLost: Yellow Maine Coon named Felix, missing since May 22 from F.M. 536, Floresville. Call if found, 210-365-6305.

VideoLost: Lab/Pit, missing evening of Mon., June 6, between 5-8 p.m., from Shannon Ridge Subdivision, Floresville, his name is Buster. Call 210-331-8966 if found.

VideoFound: Great Pyrenees on CR 124, June 5, young male, not neutered, red banded collar, no tag, black spot on tip of tongue, cannot keep. 830-216-2380.
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Help Wanted

Experienced roofing nailer's helpers needed, well paid. Call 210-392-7099.
>Lubrizol Oilfield Solutions located in Elmendorf, Texas is looking to fill the following full time positions: Production Operators, Material Handlers, and a Lab Technician. If interested, please apply online at www.lubrizol.jobs. Lubrizol is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
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Agriculture Today


Deadline nears for Section 179 tax deduction




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December 7, 2011 | 2,897 views | Post a comment

Farmers and ranchers have until Saturday, Dec. 31, 2011, to utilize a $500,000 depreciation allowance under the Section 179 tax deduction, according to a Nov. 23 Texas Farm Bureau Agriculture News -- Texas Ag Daily report.

For 2011, farmers and ranchers can expense new and used farm equipment purchases up to $500,000 if the equipment is purchased and utilized this year. In 2012, the Section 179 tax deduction depreciation limit will decrease to $125,000.

The Section 179 tax deduction also allows further depreciation on new farm equipment. As explained by Beef Magazine, “Say you’ve purchased or financed $650,000 in equipment, either new or used but new to you, this year. Under the Section 179 provision, you can deduct $500,000 in 2011. If any of that equipment was new, you can deduct the additional $150,000 under the bonus depreciation provision. Assuming a 35-percent tax rate, that gives you a $227,500 write-off on your 2011 taxes, and a $422,500 net cost in the equipment.”

For more information about the new and used farm equipment tax savings, visit www.section179.org.
 

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