SourceLine News & Insights

… what Section 179 is? Under this tax provision, businesses may be eligible to deduct the cost of property – such as machinery or equipment – “purchased for use in a trade or business” for a given tax year. Learn more about Section 179 at

… what UL 2447 is? This UL standard defines requirements for the construction of containment sumps, associated sump fittings and accessories used to enclose underground fueling system components in order to ensure they will reliably meet performance expectations for use with various types of fuels. Review UL 2447 at the UL website.

… what EPA Performance Measures are? The U.S. Environmental Protection Agency (EPA) annually reports UST performance measures across the country. The report includes the percentage of facilities in significant operational compliance and those in compliance with UST technical requirements, operator training, financial responsibility and walk-through requirements. View the End of Year 2019 Report here.

… what Tier 3 is? The EPA Tier 3 Vehicle and Gasoline Sulfur Program outlines vehicle emissions standards for all light-duty vehicles, regardless of whether they run on gasoline, diesel or alternative fuels. These standards define requirements for automotive manufacturers as well as gasoline refiners and importers. Previous iterations of the emissions standards included the Tier 1 and Tier 2 standards. Learn more about Tier 3 motor vehicle emission and fuel standards here.