Manufacturing Machinery Tax Exemption (MMTE)

The MMTE provides a tax exemption on new manufacturing machinery and equipment installed after January 1, 1993 with an aggregated cost of $10,000 or more per year of acquisition. The tax exemption is granted from the first year the equipment is taxable until it is sold, no longer leased, taken out of use, or after seven years, whichever occurs first.

Learn more here