Pro-growth capital investment is a top government affairs priority of both NPES and Printing Industries of America, and both Associations have urged Congress to enact tax policies that reflect the economic power of rapid capital cost recovery. In response, Congress has enacted legislation making Internal Revenue Code (IRC) Section 179 Expensing permanent, and extending IRC Section 168(k) Bonus Depreciation for five years, retroactive to January 1, 2015 through December 31, 2019. Attached is a summary of these new tax laws and their very significant benefits to printers and their suppliers.