There’s some good news on the tax front for small companies that spend big bucks on equipment.After more than a decade of year-to-year uncertainty, an important federal tax deduction on equipment purchases has been made permanent — part of the big federal tax and spending measure that Congress passed and the president signed late in 2015. The deduction is found in Section 179 of the U.S. tax code, and it lets small businesses take an immediate federal tax deduction on the price of certain kinds of new equipment in the year it’s purchased.YEARLY CLIFFHANGERBack in the 20th century, Section 179
