The recently enacted Investment Allowance provides for an immediate income tax deduction of up to 50% (see below) when you purchase a new Mack Truck.

However, orders for your Mack Trucks must be made soon to qualify.
The eligibility for the Investment Allowance is subject to satisfying specific requirements, which may vary depending on your circumstances.
Existing opportunities for tax depreciation remain unchanged.

Business type	Enter into purchase contract between	Own and use by	Extra deduction*
Small business*	13 December 2008 to 31 December 2009	30 December 2010	50%
Other business**	1 July 2009 to 31 December 2009	31 December 2010	10%

Information contained on this page should not be relied upon as accounting and/or tax advice. You should seek independent financial advice from your accountant or financial advisor for your specific circumstances, or call the ATO on 132 866.
* A small business has an aggregated turnover of less than $2M.
** Other businesses have an aggregated turnover of more than $2M.
* The 50% investment allowance applies to new trucks acquired by small business entities under a binding contract before 31 December 2009. For all other entities, the 10% investment allowance will apply to new trucks acquired under a binding contract before 31 December 2009. Conditions apply. Speak to your accountant, financial advisor or the ATO on 132 866 to confirm your eligibility."